Italy’s Ubi Leasing reported a 30.95 percent decline in new
business in the first nine months of 2009, slightly better than the
average 40 percent fall recorded in the local leasing
market in the same period.
The leasing arm of cooperative banking group Ubi Banca, headed
by Maurizio Lazzaroni, signed 7,802 contracts, totalling €1.45
billion of new business.
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Net profit in the nine months totalled €10.6 million, while the
company’s outstanding was €9 billion (a 10.5 percent increase from
last year).
The Brescia-headquartered company’s market share was 7.14
percent, confirming its position as the country’s third largest
lessor.
The average contract value was €185,871, a 12.77 percent
increase compared with September 2008.
In detail, real estate new business in the period reached €869
million (from €1.1 billion recorded at the end of September 2008),
while equipment leasing fell from €592 million to €328 million.
Vehicle leasing reached €147 million and rail, marine and aircraft
leasing totalled €105 million.
Antonio Fabrizio
