The French Leasing Association (ASF) has
released results for the first half of 2010.
New business volumes in equipment finance
dropped 0.3% during H1 to €10.6bn, compared to a drop of 23.9% in
H1 2009.
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The ASF attributed this to a modest growth in
Q2 2010, which was not enough to support “positive changes”
throughout the first six months of the year.
Commercial real estate leasing, on the other
hand, was up 19.3% in terms of signed contracts to €2.3bn, thanks
to “technical reasons”, and the rise is predicted to continue in
the months to come.
Factoring in France also enjoyed a solid first
half performance, with total claims handled up 21.1% to €72.4bn.
International factoring business shot up 48.1% to €11.7bn and now
represents 16% of overall activity.
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By GlobalData
