Leasing in the Czech Republic said it had seen revenue fall by 15.7
percent in 2008.
In total, the lessor signed 23,921 financing agreements last
year, worth CZK14.5 billion (€514 million).
Financial and operating leasing of movable assets was hit hard,
falling 27.3 percent year-on-year; while real estate leasing was
hit the hardest, declining by 52 percent.
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Movable assets accounted for CZK10.1 billion of the total –
split between financial leasing, worth CZK9 billion, and operating
leasing, worth CZK1 billion.
Separately, UniCredit Leasing has signed an agreement with the
Support and Guarantee Farming and Forestry Fund (PGRLF), a
government-sponsored fund.
Under the terms of the agreement, PGRLF will subsidise part of
the interest from ‘CreditAgro’ loans – loans provided by UniCredit
Leasing for the financing of agrarian technology and equipment. The
agreement allows end-users to pay no VAT on the financing.
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