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grenke Q3 earnings double as cost control offsets higher losses

grenke reported a sharp rise in third-quarter earnings as stronger operating income and tighter cost control helped offset continued pressure from elevated loss rates amid a challenging economic backdrop. The SME-focused leasing group posted Q3 earnings of €22.4 million, up from €12.0 million a year earlier. Operating income grew 15.5% to €169.4 million, while operating […]

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Introduction

Welcome to AFC's Equipment Finance community led by John Rees

Our industry is at a key point in time when our contribution to Net Zero could not be more important. Equipment finance must be a crucial tool in helping businesses move to more efficient low carbon emission equipment and adopt new products to gain more efficiency in their use of equipment. Alongside this critical role we are also faced with an increasingly challenging regulatory environment and a demand from our shareholders to improve profitability. Not an easy environment but hopefully one that AFC can help you to navigate your way in our great industry.

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