International

ING Appoints Bester Head of Wholesale Banking

ING appointed Andrew Bester a member of the management board banking and head of wholesale banking. Bester will officially take up his position on April 6, succeeding Isabel Fernandez, who stepped down on Dec. 31. read more

Bombardier to Add to GTS Rail’s Locomotive Fleet

Italian intermodal freight operator GTS Rail made a new order for three additional BOMBARDIER TRAXX DC3 E.494 locomotives for its fleet from Bombardier Transportation. read more

ACT Research: China’s CV Markets Report Sales Uptick in Q3/20

According to ACT Research, China’s heavy and medium commercial vehicle markets reported an uptick in sales during Q3/20 following the ground lost from the severe setback in Q1/20 due to the COVID-19 pandemic and the recovery that started in Q2/20. read more

Bombardier Delivers First of Three TRAXX Locomotives to Cargounit

Bombardier Transportation delivered the first of three Bombardier TRAXX MS locomotives to Cargounit, a locomotive and passenger rolling stock leasing provider based in Poland. read more

CNH Expands South African Agricultural/Construction Equipment Market Presence

CNH Industrial intends to expand its direct presence in southern Africa’s agriculture and construction equipment sectors by acquiring four divisions from CEG, a business unit of Humulani Marketing, an Invicta Holdings Limited company. read more

DLL to Provide up to €400MM in Financing for SMES With EIB Support

The European Investment Bank provided €200 million in financing to DLL to support small and medium-sized enterprises and contribute to a greener economy. DLL will provide a further €200 million, meaning that €400 million in total will be made available to SMEs in Spain and Italy. read more

CSI EPC Expands to Edmonton, Announces Executive Promotions

Toronto-based CSI Electronics Processing Centre, a wholly-owned subsidiary of CSI Leasing Canada, has expanded its operations by opening a facility in Edmonton, Alberta. read more

WSJ: Shadow Banks Leading Cross-Border Credit Growth

The Wall Street Journal reported that nonbank financial institutions have been taking the lead in cross-border credit, with their share of activity up 17% year over year. read more

Societe Generale to Sell SG Finans to Nordea for $634MM

Societe Generale has agreed to sell its Nordics-based equipment finance and factoring business to Nordea Bank, according to a report from Reuters. read more

CIFA Partners with DLL to Develop New Financing Solutions in Europe

CIFA and its captive finance company Zoomlion Capital launched a new range of financial services aimed at increasing its market presence in Europe. The new offering was developed in partnership with DLL. read more

Former MD of Russia and India at DLL Joins Invigors EMEA

Alexander d’Huc joined asset finance consulting and services firm Invigors EMEA, the European arm of The Alta Group, in Austria. read more

ACT Research: China’s CV Truck Markets Continue to Decelerate

According to ACT Research, the on-going China-US trade war and deceleration of China’s real estate market is expected to slow the Chinese economy, with GDP growth estimated to drop 6.3% in Q3/2019. read more

Cerberus to Acquire Equipment Financier Axsesstoday

Alternative investor Cerberus Capital Management agreed to acquire Axsesstoday, a provider of equipment finance solutions to small and medium businesses in Australia. read more

Former Volvo Managing Director Joins Invigors EMEA

Invigors EMEA, the European arm of The Alta Group, brought on board Tor Bowen, former managing director of Australasia for Volvo Financial Services, as an associate, based in the UK. read more

National Bank of Ethiopia Grants First License to U.S.-Backed Company

The National Bank of Ethiopia granted the first financial services license to a foreign-owned company, Ethio Lease, a capital lease provider and subsidiary of equipment lessor Africa Asset Finance Company. read more

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