In a deal completed on 11th October 2011, Leumi ABL Limited, the asset based lending subsidiary of Bank Leumi (UK) plc, has acquired a portfolio of clients from Coface.

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Medium-sized businesses are the UK’s “forgotten army”, too long overlooked by government but with the potential to inject between £20bn and £50bn into the economy by 2020, according to the CBI.

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Investec Asset Finance (AF) has appointed a new head of sales to help drive “cautious opportunistic growth” following a successful year for the company.

Wesley Harfield joins with 20 years experience in the asset finance industry to help grow the business through increased levels of origination within the broker, direct and vendor channels and will report to head of asset finance at the specialist bank, Mike Francis.

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A survey by Shawbrook Bank, a new specialist savings and lending bank, has revealed that 89 per cent of small and medium size enterprises (SMEs) in the UK believe the country’s banks fail to use common sense when they make decisions about business loan applications.

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75% of SMEs say the Bank of England should commit to interest rate stability in order to boost consumer and business confidence, according to research by Syscap, a leading independent finance provider.

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Aldermore, the new British bank, has appointed Damon Walford as Managing Director of its Invoice Finance business, which markets a range of factoring and invoice discounting facilities to small and medium sized businesses throughout the UK.  Continue Reading

Anil Stocker, Co-Founder of MarketInvoice comments “90 per cent of the business banking market is dominated by just 5 high street banks. A lack of choice in financial products and a monopoly on capital distribution has stifled UK companies’ growth plans, many of which are burdened with unreasonable costs of finance.

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Latest Invoice Finance & Asset Finance/Leasing Jobs from Commercial Finance People Recruitment. Continue Reading