assets worth CZK 17bn (€668 million) in the first nine months of
the year, but saw a significant drop of its financial leasing
operations.
The company, one of the main players in Czech Republic’s leasing
industry, said that the figure was unchanged compared to the same
period one year ago and reflected a decrease in its financial
leasing, which was however counterbalanced by an increased number
of operating leases.
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In particular, while the volume of new financial leasing deals
decreased by 55 percent in the January-September period, operating
leases were up 73 percent.
CSOB has been operating in Czech Republic since 1995 and is a
fully owned subsidiary of CSOB bank, which is a member of the KBC
Group.
It finances all types of transport vehicles, including trucks
and buses, and also machinery and equipment.
