The total value of finance provided by the Hungarian leasing sector increased by 20% in Q1 2015 compared to the same period last year, reaching 107bn HUF (€347.4m), according to the Hungarian Leasing Association (HLA).

The value of equipment leasing was up 36% year-on-year to HUF 57bn, while financing for contracts related to the central bank’s credit-related programs reached HUF 25bn.

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The association predicted that equipment financing would be the main driver for any growth of the country’s leasing industry in the future.

The HLA members concluded more than 18,000 new contracts in the first quarter, representing an increase of 4% compared to the same period last year.

 

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