The expectation in the Czech market
is that this year will be better than last.
Deutsche Leasing predicts that the
tool machinery market will stabilise, while agriculture, printing
and packaging will rise. The outlook for Czech leasing is linked to
the strength of demand from markets such as China and Europe, and
particularly Germany.
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VB Leasing has no further cost
reduction or restructuring plans in place.
“There’s a good future for us,”
said MD Radek Fucik.
“We have reduced costs and need not
do it again in the foreseeable future. We are prepared for the
market not to grow massively.”
The company is planning more small
ticket business and an entrance into IT finance, although the
portfolio’s composition will otherwise remain largely unchanged.
The maximum expected growth in 2011 is 10%.
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By GlobalDataOta Mandys, CSOB Leasing business
development and sales support director, also predicts a 10%
increase.
“It will depend on the overall
economy, but I am a little more optimistic than one year ago,”
Mandys said.
“We will not achieve the same figures of 2007, but will return
to some sustainable growth again. CSOB Leasing will try to increase
its market share over the course of the year.”
See also:
Czech leasing off critical list
Credit, factoring and CCD dent
leasing
