Assets of leasing companies grew 60 percent in 12 months

MG
25-07-2007, 11:39

Warsaw (Puls Biznesu) – In 12 months the assets of  the leasing sector jumped 60 percent. A record will be hit this year.

 

According to preliminary data, the assets of leasing companies exceeded PLN 15 billion (EUR 3.9 billion) in the first quarter of this year. If the data confirms, this means that they have grown 60 percent against last year. Meanwhile, at the beginning of the year, optimists, including Andrzej Krzeminski, EFL CEO, estimated the assets would grow 30 percent, or similarly to last year. Pessimists, including Mieczyslaw Groszek, BRE Leasing head or Krzysztof Bielecki, ING Leasing CEO, expected 20 percent growth rate.

“The leasing sector reflects the state of the Polish economy. If the latter grows well, we are doing well”, Andrzej Krzeminski commented.

 

Leasing companies stress that the fastest growth rate concerns vehicle leasing – 75.9 percent. The portfolio of machines and equipment is growing thanks to the boom in the construction sector.

EFL is the leader with Raiffeisen Leasing and BRE Leasing following. The first and the second largest companies may this year raise over PLN 4 billion of assets which would be a record. BRE Leasing forecast to raise PLN 2.5 billion but has raised the forecasts to PLN 3 billion.

(PLN 1 = EUR 0.266)

 

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Podpis: MG

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