Asset Financing: Upswing in economy driving replacement of older company assets

Asset finance is operating against a positive backdrop with increasing demand for the product.

27th April, 2014

Asset finance is operating against a positive backdrop with increasing demand for the product, according to Brendan Crowley, Head of Asset Finance - Corporate and Business Banking, AIB.

''Companies that did not engage in asset replacement cycles or purchase new assets from 2008 onwards are now seeing the benefits of the overall improvement in the economy, Crowley said. ''They are replacing older assets that they had effectively sweated' for the past five years and are...

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