BNP Paribas Equipment Solutions (ES) has
topped the table for leasing in Europe for the second year in a
row.
The French bank’s leasing arm was the number
one European leasing company in the Leaseurope Ranking for 2010
based on the number and worth of new contracts.
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Italy’s UniCredit Leasing, who were top in
2008, was in second place with France’s Société Générale Equipment
Finance, German companies Volkswagen Leasing and Deutsche Leasing
making up the top five.
Leaseurope, the trade association for the
leasing and automotive rental industry in Europe, has published the
ranking table for the last ten years using information provided by
its members on a voluntary basis.
BNP Paribas ES signed nearly 500,000 new deals
in 2010 worth a total of €12.2 billion (£10.8 billion). Closest
rivals UniCredit signed €10.1 billion (£9 billion) although the
number of new deals was significantly smaller at just over
115,000.
A spokesperson for BNP Paribas said the
company was proud to be ranked number one in terms of news business
and added: “We see this ranking as a confirmation that our
commitment to support the European equipment financing industry
bear fruits.”
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By GlobalDataResults had a slightly different complexion
for business signed outside Europe which was collated separately.
Dutch group De Lage Landen International (eighth in the European
league) topped the global table with €7.8 billion (6.9 billion) of
new business.
A spokesperson from Leaseurope said the
research published was part of a drive to enhance their research
output in order to present the leasing industry to the public and
the continent’s key decision-makers as well as provide viable
statistics for its members.
The Ranking table shows the total value and
number of new contracts granted during the year of 99 member
companies. Of participants, 29 are regarded as subsidiaries with
their totals added to those of parent companies.
Companies were also asked to provide
breakdowns of their business according to asset category and to
provide information on the distribution channels they use. However
this information is not made public and is available only for
participating businesses.
The findings of the Ranking chime with those
of Leaseurope’s Leasing Index which showed pre-tax profit growth of
75.9 percent from Q1 2009 to Q1 2010 in a sample of European
Leasing companies.
The 70 parent and stand alone companies
measured in the survey reported new leasing volumes of over €137
billion, with an average contract size (all asset types considered
together) of just over €36,000.
The total volumes reported in the survey
represent 61 percent of all leasing business written in Europe in
2010 according to Leaseurope and 30 companies reported volumes of
over €1 billion.
Extract from Leaseurope Ranking of Top European
Leasing Companies 2010
grant.collinson@vrlfinancialnews.com
