Italy’s new leasing business will be around 35 percent less this
year compared to 2008, according to a new research published by
Banca Monte dei Paschi di Siena and its leasing arm, MPS Leasing
& Factoring.
The research also shows that in 2009 profitability will result
in a 40 percent drop compared to last year.
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According to the study, which relies on in-house research
combined with the most recent figures provided by Italy’s leasing
association Assilea, the last quarter of 2009 will see an
improvement from the previous three quarters.
In detail, for the first nine months, the new business decline
was around 39 percent, while figures for the last quarter should
show a more contained decline, of around 20 percent.
It is also expected that, next year, new business will start
picking up again and increase by some 9 percent, but it will only
be in 2011 that new business and profitability will match
pre-crisis figures.
Antonio Fabrizio
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