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Key Equipment Finance Ranked Fifth Largest Bank-affiliated Leasing Company
SUPERIOR, Colo. — July 28, 2003 — Demonstrating the company's continued growth, Key Equipment Finance today announced that it is now the fifth largest bank-affiliated leasing company according to The Monitor Leasing and Financial Services magazine’s “Annual Ranking of the 100 Largest, Fastest Growing Equipment Finance/Leasing Companies in the United States.” Key Equipment Finance also retained its ranking as the fourth-largest bank-affiliated leasing company as measured by new business volume.
Key Equipment Finance, an affiliate of KeyCorp (NYSE: KEY) moved up a spot this year from its sixth-place position in the 2002 ranking. For the survey, the Monitor contacted approximately 150 leasing companies throughout the United States to compile data on each organization's 2002 year-end net asset level. Key Equipment Finance experienced nine percent growth in net assets during the year.
"Key Equipment Finance is committed to providing best-of-breed leasing options to new and existing clients and it is gratifying to see our effort and growth reflected in ‘The Monitor 100,’” said Paul A. Larkins, president and chief executive officer 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 24 countries and employs more than 600 people worldwide, has been in the equipment financing business for 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at KEFonline.com.
Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $86 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 approximately 2,400 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com, that provides account access and financial products 24 hours a day.
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