Equipment Leasing Association Of Nigeria

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期三, 十月 25, 2023
Credit, Equipment, Equipment Leasing Association Of Nigeria, Atmosphere, ELFA, Lease, Cryptocurrency, Renewable energy

WASHINGTON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022.

Key Points: 
  • WASHINGTON, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in October is 40.1, a decrease from the September index of 50.3.
  • Of equal or greater concern is the quality of equipment finance company portfolios, as losses and delinquencies continue to edge up slightly.
  • Our industry has demonstrated its resilience, having successfully navigated these economic headwinds for most of 2023 and delivering year-over-year growth.

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期二, 九月 26, 2023
Growth, Equipment, Fed, ELFA, Transport, Equipment Leasing Association Of Nigeria, Lease, Credit, Environment, Cryptocurrency

WASHINGTON, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $10.1 billion, up 14 percent year-over-year from new business volume in August 2022.

Key Points: 
  • WASHINGTON, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $10.1 billion, up 14 percent year-over-year from new business volume in August 2022.
  • Charge-offs were 0.34 percent, up from 0.32 percent the previous month and up from 0.17 percent in the year-earlier period.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in September is 50.3, steady with the August index of 50.4.
  • Companies will always need access to capital to support and sustain growth, and we expect demand for financing new equipment to continue to strengthen as the economic environment improves.”

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期二, 八月 29, 2023
Equipment, ELFA, Lease, Equipment Leasing Association Of Nigeria, Credit, Environment, Investment, Software, Cryptocurrency

WASHINGTON, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for July was $9.9 billion, down 2 percent year-over-year from new business volume in July 2022.

Key Points: 
  • WASHINGTON, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for July was $9.9 billion, down 2 percent year-over-year from new business volume in July 2022.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in August is 50.4, an increase from the July index of 46.4.
  • We have reason to be optimistic because equipment finance remains an attractive solution for borrowers and lenders.
  • It is worth repeating that fair market value leases provide a flexible solution that reduces monthly payment.”

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期三, 七月 26, 2023
Equipment, Fed, Equipment Leasing Association Of Nigeria, TD, ELFA, Lease, Growth, Credit, Cryptocurrency

WASHINGTON, July 26, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for June was $10.9 billion, up 6 percent year-over-year from new business volume in June 2022.

Key Points: 
  • WASHINGTON, July 26, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for June was $10.9 billion, up 6 percent year-over-year from new business volume in June 2022.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in July is 46.4, an increase from the June index of 44.1.
  • As inflation continues to decelerate and the Fed appears to be on the verge of achieving an economic soft landing, the equipment finance market enters the second half of the year in fine shape.”
    “The equipment finance industry has remained resilient through one of the most turbulent periods in recent economic history,” said Anthony Sasso, Head of TD Equipment Finance .
  • “Despite economic headwinds, like high interest rates, the equipment finance sector continues to see opportunities for growth and innovation.

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期一, 六月 26, 2023
Thought, Equipment, Fed, ELFA, Lease, Equipment Leasing Association Of Nigeria, Credit, Cryptocurrency

WASHINGTON, June 26, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for May was $9.5 billion, up 1 percent year-over-year from new business volume in May 2022.

Key Points: 
  • WASHINGTON, June 26, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for May was $9.5 billion, up 1 percent year-over-year from new business volume in May 2022.
  • Total headcount for equipment finance companies was down 2.5 percent year-over-year.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in June is 44.1 an increase from the May index of 40.6.
  • The tightened liquidity remains a concern, but we have seen some small signs of localized stabilization with previously shy banks and finance companies slowly showing interest in exploring equipment finance assets.

Insight Equipment Finance Corporation Expands Operations in Quebec

Retrieved on: 
星期二, 六月 20, 2023
Online, Insight Investment, Equipment Leasing Association Of Nigeria, Education, Public sector, IMH, Documentation, AMOS, Financial adviser, Property management

TORONTO, June 20, 2023 (GLOBE NEWSWIRE) -- Insight Equipment Finance Corporation (IEFC) , a division of Insight Investments, LLC, today announced that it is expanding its equipment leasing operations into Quebec.

Key Points: 
  • TORONTO, June 20, 2023 (GLOBE NEWSWIRE) -- Insight Equipment Finance Corporation (IEFC) , a division of Insight Investments, LLC, today announced that it is expanding its equipment leasing operations into Quebec.
  • IEFC is an active member of the Canadian Finance and Leasing Association (CFLA ) and operates in accordance with all Quebec laws and processes.
  • To manage the full-scale operations, service, and support of the Quebec market, the company has hired bilingual industry expert Anthony Zambon.
  • “Insight Equipment Finance offers the expertise, solutions, and resources that are greatly needed in Quebec,” said Anthony Zambon, Vice President, Equipment Finance, Insight Equipment Finance Corporation.

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期四, 五月 25, 2023
Equipment, ELFA, Lease, Equipment Leasing Association Of Nigeria, Credit, Cryptocurrency

WASHINGTON, May 25, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for April was $9.7 billion, down 8 percent year-over-year from new business volume in April 2022.

Key Points: 
  • WASHINGTON, May 25, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for April was $9.7 billion, down 8 percent year-over-year from new business volume in April 2022.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in May is 40.6, a decrease from the April index of 47.0.
  • Separately, a Foundation survey indicates that a growing segment of business heads is somewhat pessimistic about the short-term outlook for the economy, in general, and the equipment finance industry, specifically.
  • While that impact has been felt across all industries with unique circumstances, collectively, equipment finance appears to be well positioned.

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期二, 四月 25, 2023
Linda, Equipment, ELFA, Lease, Equipment Leasing Association Of Nigeria, Credit, Cryptocurrency

WASHINGTON, April 25, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for March was $10.4 billion, down 2 percent year-over-year from new business volume in March 2022.

Key Points: 
  • WASHINGTON, April 25, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for March was $10.4 billion, down 2 percent year-over-year from new business volume in March 2022.
  • Total headcount for equipment finance companies was down 4.6 percent year-over-year.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in April is 47.0, a decrease from the March index of 50.3.
  • Times of economic uncertainty can even create unique opportunities for the equipment finance industry, as its flexible solutions can allow businesses to preserve strong liquidity and cash positions when they need them most.”

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期四, 三月 23, 2023
Equipment, Equipment Leasing Association Of Nigeria, ELFA, Lease, Traction, Growth, Credit, Cryptocurrency, Syndication

WASHINGTON, March 23, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for February was $7.9 billion, up 11 percent year-over-year from new business volume in February 2022.

Key Points: 
  • WASHINGTON, March 23, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for February was $7.9 billion, up 11 percent year-over-year from new business volume in February 2022.
  • Charge-offs were 0.32 percent, down from 0.34 percent the previous month and up from 0.09 percent in the year-earlier period.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in March is 50.3, a decrease from the February index of 51.8.
  • Overall, we remain optimistic but sensitive to credit quality as economic conditions are volatile.”

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

Retrieved on: 
星期五, 二月 24, 2023
ELFA, Workforce, Lease, Equipment Leasing Association Of Nigeria, Pressure, Credit, Equipment, Cryptocurrency

WASHINGTON, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for January was $8.8 billion, up 6 percent year-over-year from new business volume in January 2022.

Key Points: 
  • WASHINGTON, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for January was $8.8 billion, up 6 percent year-over-year from new business volume in January 2022.
  • Volume was down 32 percent month-to-month from $12.9 billion in December following the typical end-of-quarter, end-of-year spike in new business activity.
  • Charge-offs were 0.34 percent, up from 0.26 percent the previous month and up from 0.17 percent in the year-earlier period.
  • Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in February is 51.8, an increase from the January index of 48.5.