Some €2.6bn worth of contracts were signed by Hungarian leasing
companies in 2008’s first half, an increase of 12 percent
year-on-year.
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The rapid growth has been attributed to increased EU funding
stimulating leasing companies to make investments. Growth is
expected to slow by 2 to 4 percent in the second half however,
according to predictions by the Hungarian Leasing Association.
Q2’s contract value total of €1.3bn showed the greatest
year-on-year growth, at 25 percent. Most of this growth occurred in
the real estate, machinery and equipment leasing segments.
Trouble may yet lie ahead, as many SMEs have reportedly put off
planned investments and late payment rates creep up across all
leasing sectors.
The number of new vehicle leasing contracts written in the first
half dropped 1.5 percent year-on-year, but the leasing association
is still confident that the vehicle segment will have grown 10 to
12 percent by the end of the year.
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By GlobalDataTruck and trailer leasing grew by 23 percent to €0.4bn, yet kept
the same contract volume.
Most notably, machinery and equipment leasing leasing market
grew 40 percent year-on-year, reaching €0.4bn by the end of the
first half.
