Ing Bridging LoanBridging of loans
InvG concludes British lease transaction
Headquartered in London, ING has agreed to exit the UK lease operations for new hire origination and to wind up the current fleet. As a result, there now remains a 1 billion pound shortfall in the lease and assets financing markets. NACC CEO Adam Tyler immediately set up appointments with a number of donors, among them George Ashworth of Aldermore and Investec, who indicated that they had raised the amount of money they were willing to put on the shelves.
Following the recent Lombard losses, we still had ING at our disposal to grant loans in the mart. Although there is currently not a clear replacement for ING, we are working with a number of different donors that Adam will primarily meet, and he will also have discussions with the FLA.
Hopefully we will be able to announce some really good moves forward next weekend.
Co-operation with ING financing solutions
Ings has announced that it is working with Funding Options to make funding available to small and medium-sized businesses in the Netherlands. Our relationship with the UK corporate lending centre will help Funding Options penetrate the Netherlands markets. ING's Netherlands based Vincent van den Boogert, Chief Executive Officer, said that the funding options give shop owner clients easy entry to a broad range of funding opportunities.
"ING considers it important that medium-sized entrepreneurs with a good businessplan are offered the best choices and the largest selection and that we can provide them with the best funding opportunities.
InvG to test block-chain block-chain financing technologies in retail financing
As ING has reported, it has been testing the use of block-chain technologies in commercial financing. "Ivar Wiersma, ING Wholesale Banking's Director of Innovations, said: "The process has been rapid and smooth and the results have shown us that we are on the right path and that we are prepared to take the next steps by launching a trial.