German lessor IKB Leasing Group has reported a 23 per cent
increase year-on-year in new business on the back of an upturn in
equipment leasing and the launch of new products.
The company, a full-service leasing firm with operations in
France, central Europe as well as Germany, said its new business
volumes totalled €1.01bn at the end of March 2008, compared with
€817m in the same period last year. Its German arm saw new business
grow 20 per cent, from €621m to €747m.
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The company, part of IKB Deutsche Industriebank AG, attributed
the growth in business to an upturn in equipment leasing deals,
expansion of its contract hire capability, and its entry into short
term leasing.
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