Czech leasing business in the year’s first three quarters was
down 56 percent year-on-year, the country’s leasing association has
announced.

According to the CLFA, business written between January and
September amounted to €1.2 billion, down from €2.75 billion in
2008.

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“The economic situation and uncertain futures of many businesses
are pulling down demand for the financing of investment activities.
Tougher criteria for clients and for the financed commodities, as
well as for risks linked to the transactions, can also be felt,”
said CLFA board chairman Jiri Matula.

Asset makeup of the Czech leasing portfolio remained broadly
similar to last year, with the share of passenger cars rising from
24.3 percent to 25.6 percent, and the share of machinery rising
from 24.5 percent to 33.3 percent.

Fred Crawley

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