Polish lease volume down by a third year-on-year
During the first nine months of this year, Polish leasing
companies financed €3.2 billion of investments, a decrease of more
than a third from last year’s figure of €5.1 billion.
Although lessors say that the industry’s rate of business
decline is slowing with each successive quarter, the year’s fourth
quarter is expected to proceed in line with the year so far.
As in the year’s first half, vehicle finance – especially
connected to the road freight sector – has seen the worst of
Poland’s leasing durntown, with truck finance down 43 percent
year-on-year as of the end of September.
Machinery finance dropped only 26 percent year-on-year, while IT
and software leasing performed relatively well despite making up a
very small portion of overall business.
Fred Crawley