Czech lessors provided a total of CZK 41.8 billion (€1.6
billion) of finance in the first quarter of 2009, some 29 percent
down year-on-year, according to the latest data from the Czech
Leasing and Financing Association (CLFA).
The decrease was attributed mainly to the economic recession –
which has affected nearly every sector of the Czech economy – as
well as a weakened demand for investment and more stringent
criteria on signing deals.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In the first quarter of the year CLFA members financed
machinery, equipment, and transport vehicles worth CZK 10.7 billion
through leasing; representing a year-on-year drop of 52
percent.
In terms of business loans and hire purchase, CLFA members showed a
year-on-year growth of 8 percent, reaching CZK 4.6 billion.
Finally, the CLFA said that factoring companies wrote CZK 21.3
billion worth of business, some 35 percent down year-on-year.
Valerie Noury
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
