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Japanese auto lender heats up ABS market with $468m issuance

Japanese auto financier Orient Corp. (Orico) is bringing $467.6 million of asset-backed securities to market in a deal that’s expected to close July 30. The notes were rated by Moody’s Investors Service and Fitch Ratings.  The deal is Orico’s second this year, propping up the lender’s U.S. ABS volume to nearly $1 billion. The latest […]

Retouching Operations: Bank of the West Adds to Its Financing Palette

From the March issue: Despite a recent industrywide rise in auto loan delinquencies, one legacy prime lender is expanding its product set to satisfy dealer partners. “We needed to reinvent our business model,” Bank of the West Executive Vice President of Personal Finance Michael Pereira told Auto Finance News. “Bank of the West has a […]

Bank of the West to Launch Dealer Portal by Yearend

San Francisco-based Bank of the West is making investments to strengthen dealer relationships. At the top of the priority list is a dealer portal, slated for release by yearend. “We continue to invest in the dealer interface,” Executive Vice President of Personal Finance Michael Pereira told AFN. “We need to be engaging with our dealers […]

Bank of the West Eyes Powersports, Marine Startups for Accelerator Program

SAN FRANCISCO — Bank of the West is scouting RV and marine startups for its accelerator, called FinLab, in conjunction with innovation center L’Atelier BNP Paribas North America, Powersports Finance has learned. Both institutions are owned by French bank BNP Paribas. FinLab sources ideas, designs prototypes, and tests concepts with Bank of the West in […]

French Motor Finance Looks for Hope in 2014

  The French car market is a largely home-grown affair. The three main French brands ― Peugeot, Citroën, and Renault ― consistently outsell those from abroad, and Renault’s finance arm and two of the biggest banks in the country, BNP Paribas and Société Générale, represent the largest automotive finance providers, according to Leaseurope’s 2012 rankings. […]
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  • July 8, 2014
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