Société Générale Equipment Finance, including its fleet arm ALD Automotive, was the largest leasing organisation in Europe in 2015, with total new business (within Europe) of €15.9bn according to the latest Leaseurope Ranking of European Leasing Companies.

The company experienced a €2bn growth in total new business compared to 2014. Société Générale has topped the ranking for four consecutive years, after taking first place from BNP Paribas in 2012.

BNP Paribas Leasing Solutions -including Arval- retained second position, with €15.1bn of total new business. This was an increase of approximately €1.7bn on 2014 figures, although the gap with its compatriot French lessor expanded from €0.5bn in 2014 to €0.8bn last year.

Volkswagen Leasing retained both third place in new business volumes, €13.9bn, as well as the top spot in the number of new contracts with 554,677.

De Lage Landen (DLL) and Deutsche Leasing rounded out the top five, with €10.9bn and €7.7bn worth of new business respectively.

In terms of total new business outside Europe, Bank of America Global Leasing gained the top spot among the companies which took part in the survey with volumes of €13.8bn, followed by DLL which recorded new business of €12.5bn.

69 parent or stand-alone leasing companies participated in the survey, 5 more than 2014’s ranking.