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Company now provides equipment leasing services in 26 countries
Superior, CO – October 20, 2005 – Key Equipment Finance, one of the largest bank-held equipment leasing companies in the U.S. and an affiliate of KeyCorp (NYSE:KEY) today announced that it now offers equipment leasing services to companies operating in South Korea.
By establishing a presence in South Korea, Key Equipment Finance will be able to provide more comprehensive support for the company’s vendor customers expanding throughout Asia and in South Korea, specifically. Now, end-users in South Korea interested in obtaining products and services provided by Key Equipment Finance vendor partners will have access to one-stop shopping and financing, cash flow management, equipment upgrade flexibility and better asset management.
“South Korea and the rest of Asia are some of the most important and fastest growing markets in the world right now, and we are fully committed to supporting the needs of our vendor customers wherever they see the greatest opportunity for expanding their business,” said Karen Larson, president and chief operating officer of Key Equipment Finance’s global vendor services group. “We look forward to establishing new relationships with businesses based in South Korea, and to working with our existing vendor customers to make it easier for their clients in South Korea to obtain their products and services with flexible financing options.”
With the addition of South Korea, Key Equipment Finance now provides equipment leasing services in 26 countries throughout North America, Europe and Asia Pacific. The company’s South Korean headquarters will be located in Seoul.
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. The company focuses 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 manages a $12.6 billion equipment portfolio with annual originations of approximately $5.7 billion. The company has major management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois; Houston, Texas; London, England; and Sydney, Australia. The company, which operates in 26 countries and employs 1,100 people worldwide, has been in the equipment financing business for more than 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 $93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.
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