The total number of assets financed by Polish
leasing companies increased by 25.4% year-on-year in the first half
of 2011, according to the Polish leasing association ZPL, with
growth attributed to increased financing of trucks and
machinery.
The value of leasing contracts written grew by
28% during the same period, with ZPL noting particular growth in
lending by small and medium leasing companies.
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Compared to some other Eastern European
countries which are still struggling to see growth after the
recession, the value of the Polish leasing market has increased
every year since the 30% decline seen between 2008 and 2009.
However, the market’s total predicted value in
2011 is still PLN 400m (€96.4m) smaller than it was in 2007.
All sectors in the leasing market apart from
passenger cars and real estate have seen year-on-year growth in
terms of number of assets financed.
ZPL said it expects Poland’s leasing industry
to gradually grow in the upcoming quarters due to increased
interest in leasing among businesses, and a growing absorption of
EU funds.
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By GlobalDataElza.HolmstedtPell@vrlfinancialnews.com
