grown by 3.3 percent in 2008, according to preliminary figures
released as part of a statement by national leasing association
BDL.
new business, is expected to be matched by a 3.3 percent increase
in the equipment lease segment of the market, which will remain at
22.8 percent of the total.
The figures appeared in a statement by BDL in which the
association’s president, Reinhard Gödel, stated he had no concerns
the industry’s credit supply would dry up altogether in 2009.
However, he stressed “that sufficient funds for refinancing must
continue to be made available to leasing companies in the
future”.
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The road transport sector also expects increases, in both motor
and CV sectors, despite large drops in vehicle registrations over
the same period.
Overall, road vehicles are expected to comprise 58.4 percent of
new business in 2008, followed by production machinery at 13.3
percent, office equipment and IT systems at 7.9 percent, and
information and signalling equipment at 7.3 percent.
Leasing of production buildings and warehouses is expected to
make up 6.4 percent of the market, with a further 3.4 percent going
to finance properties, business premises and office buildings. The
remaining 3.3 percent market share was made up of large-ticket
rail, shipping and air deals.
“It is clearly not right that the regional Landesbanks have
stopped refinancing the leasing industry precisely when they
themselves have been offered a bailout package by the Federal
German government,” Gödel added.
“Surely the legislation… was intended, in part, to help small
and medium-sized companies secure a sound financial footing for
their activities. Yet the leasing sector, whose customer base
consists largely of SMEs, has thus far been left out in the
cold.
“It is time the banks recognised and started living up to their
responsibility to support the entire German economy.”
