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
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
