Latest News Headlines
Commercial Credit News
|Asset finance new business at a 7-year high|
|Friday, 05 February 2016|
New figures released today by the Finance & Leasing Association (FLA) show growth in asset finance new business (primarily leasing and hire purchase) of 12% in 2015 – the market’s second consecutive year of double-digit growth. The value of new business in December 2015 was up by 18% compared with the same month in 2014.
New finance for commercial vehicles grew by 42% in December, and by 14% in 2015 as a whole. Further strong growth was also reported by the IT equipment finance sector as new business grew by 23% in December and by 38% in 2015 overall.
Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said: “2015 was another strong year for the asset finance industry, with new business reaching its highest level since the onset of the financial crisis. Our latest industry confidence survey suggests growth in new business of up to 10% in 2016.
“The asset finance industry funded almost 32% of UK investment in machinery, equipment and purchased software in 2015.”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197