Finnish lessors were not as heavily impacted
by the financial crisis as most of their European counterparts in
2009, according to figures published Federation of Finnish
Financial Services.
The association said that while car and
commercial vehicle leasing agreements decreased by around 35
percent following a drop in demand from businesses and consumers,
industrial machinery and equipment leasing was actually 40 percent
up. IT and office equipment also increased by 7 percent.
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Credit losses increased from €22 million to
€82 million, but accounted only for 0.66 percent of lessors’
balance sheets.
The association doesn’t expect credit losses
to fall at a higher level this year. It said that for 2010 the
outlook is “cautiously positive”.
Antonio Fabrizio
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