CSI Renting de Tecnología Opens New ITAD Facility in Spain

CSI Renting de Tecnología, a wholly-owned subsidiary of CSI Leasing, opened EPC Global Solutions Spain, a specialized IT asset disposition (ITAD) facility focused on the refurbishment and remarketing of used IT equipment. read more

Standard Chartered Sells Aviation Leasing Business to Saudi Arabia’s Sovereign Wealth Fund

Standard Chartered signed agreements for the sale of its global aviation finance leasing business for $700 million to AviLease, an aircraft leasing company owned by Saudi Arabia’s sovereign wealth fund. read more

JPMorgan Chase Opens New Offices in India

JPMorgan Chase opened two new facilities in Mumbai and Bengaluru, strengthening its presence in India. The new workplaces are two of the firm’s largest technology and operations centers. read more

African Asset Finance Company Appoints Soomra an Officer of the Corporation

African Asset Finance Company, a provider of access to equipment in frontier and emerging markets through its Equipment-as-a-Service (EASE) brand, appointed Imraan Soomra an officer of the corporation. read more

African Asset Finance Company Expands Pay-Per-Use Healthcare Program, Signs New Customer

EASE, a subsidiary of African Asset Finance Company that provides a pay-per-use program for equipment, launched its healthcare program in Nigeria and signed HTS Diagnostic Centre as its first customer. read more

Cynergy Business Finance Launches Block Discounting Product

Cynergy Business Finance, the asset-based lending arm of Cynergy Bank, launched a new block discounting product to enable independent finance providers and own-book lenders to release capital invested in customer finance agreements. read more

Fitch: European Equipment Leasing Resilient to Macro Pressure

Reduced economic and construction activity, and potential recession in some jurisdictions, could weigh on demand for European lessors’ equipment, Fitch Ratings said in its newly published peer report. read more

AAFC Launches EASE Healthcare Program in Ghana with FOCOS Orthopedic Hospital

EASE Ghana, a subsidiary of African Asset Finance Company that provides diagnostic equipment “as-a-service” to healthcare organizations, signed its first customer, agreeing to provide a Siemens CT scanner in the Accra facility of FOCOS Orthopedic Hospital in Pantang, Ghana. read more

SmartEquip Adds Kiloutou Germany to Global Network

SmartEquip, a provider of equipment service and parts procurement solutions, added Kiloutou Germany, a subsidiary of Europe's third-largest generalist equipment rental company, Kiloutou Group, to its global network. read more

AITX Launches European Railcar Services Platform

AITX, a North American provider of railcar services, launched a European railcar platform to offer European manufacturers, operating lessors and freight shippers access to resources across fleet management, leasing solutions, regulatory management and maintenance operations. read more

CHG-MERIDIAN Increased Lease Originations 29.3% in 2022

CHG-MERIDIAN achieved a year-over-year improvement in lease originations of 29.3% to a company-record figure of €2.23 billion ($2.45 billion) in 2022 compared with a figure of €1.73 billion ($1.9 billion) in 2021. read more

IAA Forms New Market Alliance in West Africa

IAA, a Ritchie Bros. company, formed a new market alliance with Antonio, SARL in the West African country of Benin, providing authorization for auction centers operated by Antonio, SARL to help local buyers buy, transport and import vehicles from IAA auctions in the United States. read more

CNH Industrial Announces Exit from Russia

CNH Industrial announced the divestiture of its business activities in Russia for a total consideration of approximately $60 million. This follows the company’s announcement in March 2022 that it was suspending supplies to the Russian market. read more

CSI Leasing Launches Subsidiary in Indonesia, Wicaksono to Lead

CSI Leasing continued the expansion of its Asia-Pacific operations by opening a subsidiary in Jakarta, Indonesia. Rio Wicaksono will manage CSI Indonesia. Wicaksono has nearly 20 years of finance experience, most recently from PT Century Tokyo Leasing Indonesia. read more

Crédit Agricole Finalizes Acquisition of 30% Stake in Watèa by Michelin

Crédit Agricole Leasing & Factoring finalized the acquisition of a 30% stake in Watèa by Michelin, a provider of green mobility solutions. read more

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