SG Equipment Finance experienced a slowdown in activity in the
third quarter, seeing new financing fall by 19 percent
year-on-year, to €1.7 billion.
According to the French lessor, the slowdown concerned most of
the regional operations.
Go deeper with GlobalData
In Germany and Italy, two of SG Equipment Finance’s key markets,
new financing fell by 23.2 percent and 32.4 percent
respectively.
However, the French market only experienced a small decline of
1.6 percent, which “testifies to the group’s constant commitment to
support the French economy”, the lessor said.
At €19.1 billion at the end of September 2009, outstanding loans
– excluding factoring – continued to grow, by 3.6 percent, against
the same period last year.
Jason T Hesse
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
