GrenkeLeasing saw profit after tax total €19.6 million in the
first three quarters of the year, the company has announced.
The amount, compared with €24.9 million in the same period last
year, was “in line with expected development”, the German lessor
said.
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In the nine months to the end of September, GrenkeLeasing saw
net interest income rise by 6.2 percent to €54 million, a strong
result considering the state of the market.
“Market conditions have improved again noticeably, so over the
course of the third quarter we focused more intensively on driving
growth – but without ignoring our strict consideration of risks,”
the company said.
GrenkeLeasing’s equity ratio increased from 16.9 percent to 17.7
percent, which, the lessor said, “forms a good base from which we
start growing new business”.
Jason T Hesse
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