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Key Equipment Finance Ranked Fastest Growing Lessor
SUPERIOR, Colo., USA – March 11, 2003 – Key Equipment Finance, one of the nation’s largest bank-affiliated equipment financing companies and an affiliate of KeyCorp (NYSE: KEY), today announced that it has been ranked the fastest-growing equipment leasing company over the past 10 years by leasing trade publication The Monitor.
In the publication’s 30th anniversary edition, companies are ranked according to average annual growth rate between year-end 1991 and year-end 2001. Key Equipment Finance has an industry-leading average annual growth rate of nearly 443 percent per year over the past 10 years.
“We’re pleased with the ranking and with the growth we’ve enjoyed over the past decade, however our focus is on the future and how we can continue to offer the finest lease products and services for our clients,” said Paul Larkins, president and CEO of Key Equipment Finance.
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. They focus on four distinct markets:
- businesses of all sizes in the U.S. and Canada (from small business to large corporate);
- equipment manufacturers, distributors and value-added resellers worldwide;
- federal, provincial, state and local governments as well as other public sector organizations; and
- lease advisory services for manufacturers’ captive leasing and finance companies.
Headquartered outside Boulder, Colorado, Key Equipment Finance oversees an $8 billion equipment portfolio with annual originations of approximately $3 billion. The company has major management and operations bases in Toronto, Ontario; Albany, New York; London, England; and Sydney, Australia. The company, which operates in 26 countries and employs more than 600 people worldwide, has been in the equipment financing business for nearly 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at KEFonline.com.
Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest bank-based financial services companies, with assets of approximately $85 billion. Key companies provide investment management, retail and commercial banking, retirement, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through KeyCenters and offices; a network of nearly 2,200 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com(R), that provides account access and financial products 24 hours a day.
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