Record-breaking portfolio growth for UK finance provider

Independent lender Henry Howard Finance Group achieved record portfolio growth last year as it worked with more than 8,000 businesses to drive its asset-based lending volumes to more than £100 million. The company’s overall origination grew by 25% compared to 2016, while 45% of all asset-based lending agreements were funded on HHF’s own balance sheet. At the end of 2017, its own book receivables were £81 million, a rise of 40%.

Record-breaking portfolio growth for UK finance provider

Jan 22, 2018

Independent lender Henry Howard Finance Group achieved record portfolio growth last year as it worked with more than 8,000 businesses to drive its asset-based lending volumes to more than £100 million. The company’s overall origination grew by 25% compared to 2016, while 45% of all asset-based lending agreements were funded on HHF’s own balance sheet. At the end of 2017, its own book receivables were £81 million, a rise of 40%.

Boeing delivers record year for aircraft orders

Boeing secured orders for $134.8 billion worth of aircraft last year and set a new record for deliveries, the company has revealed. It delivered more commercial airplanes than any manufacturer for the sixth consecutive year with a total of 763 deliveries in 2017, driven by high output for the 737 and 787.

Boeing delivers record year for aircraft orders

Jan 22, 2018

Boeing secured orders for $134.8 billion worth of aircraft last year and set a new record for deliveries, the company has revealed. It delivered more commercial airplanes than any manufacturer for the sixth consecutive year with a total of 763 deliveries in 2017, driven by high output for the 737 and 787.

British Business Bank and Simply Asset Finance in £60m SME deal

The British Business Bank is providing a £60 million facility to Simply Asset Finance to increase its funding to SMEs. The transaction is the sixth made under the Bank’s ENABLE Funding programme, which aims to increase the supply of leasing and asset finance to UK SMEs.

British Business Bank and Simply Asset Finance in £60m SME deal

Jan 11, 2018

The British Business Bank is providing a £60 million facility to Simply Asset Finance to increase its funding to SMEs. The transaction is the sixth made under the Bank’s ENABLE Funding programme, which aims to increase the supply of leasing and asset finance to UK SMEs.

EMEA

UK asset finance new business holds steady

Jan 11, 2018

The UK asset finance market has maintained a full-year growth rate of 4% as latest figures show the market held steady during November 2017. New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in November was £2.5 billion, a similar level to the same month in 2016.

Americas

Hitachi Business Finance predicts record growth for 2018

Jan 19, 2018

Hitachi Business Finance has reported a record year in 2017, providing $139 million in working capital financing to companies of all sizes across the US. The largest area of growth during the year came from the company’s asset-based lines of credit and new syndication lending solution. As a non-bank, commercial finance company, Hitachi Business Finance offers syndicated credit hold positions ranging from $5 million to $25 million.

Asia Pacific

Standard Chartered commits $20bn to Chinese growth plan

Jan 10, 2018

Standard Chartered Bank has announced a commitment to support the Chinese-led ‘Belt & Road’ initiative by facilitating financing of at least $20 billion by 2020. Standard Chartered argues it is one of only a few truly global banks that can facilitate trade, capital and investment flows across Belt & Road markets. It already makes around 85% of its income from Asia, Africa and the Middle East.