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Axis Capital Achieves Second Largest Y/Y Growth in Vendor Channel Rankings

May 25, 2016, 06:39 AM
Filed Under: Industry News
Related: Axis Capital

Axis Capital announced that it has achieved the second largest year-over-year growth in Monitor’s national ranking of Top 25 Vendor Channels. Axis realized a 67.9 percent vendor channel origination increase, while in comparison the top 25 group’s average increase was only 6.9 percent. This substantial growth now places Axis at number 20 overall in the top vendor channel ranking.

“We have been extremely focused on expanding our vendor-based relationships and are thrilled with the overall performance and continued growth,” said Michael Karman, Axis CCO. “More importantly we appreciate the confidence that our vendor partners continue to place in Axis’ comprehensive suite of equipment financing solutions.”

In April, Axis announced that the company’s cumulative new business origination volume in 2015 increased by 56 percent from $132.2 million to $213 million, resulting in Axis’ advancement to 7th place in Monitor’s national ranking of Top Independents.

Mostafiz ShahMohammed, Axis Chairman and CEO, said, “Strengthening and diversifying vendor relationships is an essential element of our long-term plan. Together with the recent enhancements we’ve made to our leadership team and IT infrastructure, we fully expect these positive changes will enable Axis to continue building upon its success going forward.”

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