Feb 26, 2018
The board of the European Investment Bank has approved a new €6.5 billion financing package for a series of global projects. The funding will focus on 36 projects in 17 European Union countries and schemes in Africa, Asia and Latin America. Backing included €1.5 billion for a trans-Adriatic pipeline that will cross northern Greece, Albania and the Adriatic Sea before coming ashore in southern Italy to connect to the Italian natural gas network. The project is part of the southern gas corridor, an initiative identified by the Council of Ministers, the European Commission, and the European Parliament as a strategically important component within the EU’s energy policy.
Mar 14, 2018
Sparta Commercial Services, a specialist lender within the municipal leasing market, has launched a new equipment financing program designed for small to mid-sized businesses throughout the US. The company specializes in serving jurisdictions with small and growing vehicle fleets that seek a better and more economical way to finance their essential equipment needs. The division also works with larger jurisdictions to provide competitive leasing facilities for specific segments of their fleet portfolio.
Feb 26, 2018
The Australian commercial equipment finance market reached a record level last year, according to figures from the Australian Finance Industry Association. New lending in 2017 was AUD$34.7 billion, the highest on record and 3.5% higher than 2016. Lenders now have more than AUD$81 billion in commercial equipment finance on their books. New business grew in all states across Australia, with Queensland the top performer (up 6.5% year-on-year), while the largest state, NSW, grew by the smallest margin (1%).