Polish lessor Europejski Fundusz
Leasingowy (EFL) has enjoyed solid growth in
new business in 2010, with an overall rise of 20% compared to
2009.
Vehicles performed particularly well, rising
24.1% to PLN 2.3 billion (€594 million), while machinery was up 10%
to PLN 790m.
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Bigger ticket assets like ships and aircraft
also enjoyed a significant jump, rising to PLN 13.3m in 2010,
compared to PLN 2.3m in 2009.
The Crédit Agricole subsidiary’s
performance closely matched that of the Polish market as a whole,
where new business volumes for vehicles was up 30.3%, machinery was
up 13.1% and the overall rise was 16.9%.
However, in terms of IT, EFL dramatically
outperformed the market with a rise of 18.2% to PLN 63.4m in 2010,
compared to a 6.5% drop in Poland as a whole.
EFL has also introduced a new loan product,
specifically for the agricultural and medical markets.
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By GlobalDataCEO Andrzej Krzemiński, who was also appointed
as a board member at Leaseurope in 2010 and is chairman of the
Polish leasing association, said: “It’s
financially and
fiscally competitive especially for
the medical sector customers, because
the rate of tax
on medical
equipment is lower in loan than in leasing.
“The loan is also a
favorable solution for farmers who can therefore get easier
access to the financial aid from EU funds.
The borrower also becomes the owner of the purchased equipment.”
For a full report on the Polish leasing
market, see the February edition of Leasing Life.
