Association (CLFA) has reported leasing of movables during H1 of
CZK 50bn (€2bn), a 10.8 percent drop on the same figures for this
period in 2007.
The association implicated reduction of investment activities in
the Czech Republic as the cause of the slump, as well as
pre-contracting in 2007 as a result of tax changes on financial
leasing.
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It also reported a 19.7 percent volume increase of non-banking
consumer loans offered by members, to a level of CZK 26.3bn
(€1.1bn), and a 39.5 percent growth in corporate loans, to CZK 10.4
bn (€0.4bn). Factoring firms within CLFA bought out claims of CZK
52.3 bn (€2.1bn), up 17 percent on figures from this period in
2007.
Machine and equipment leasing volume (25 percent of total) was
reported as exceeding that of passenger vehicles (23.7 percent),
while regress factoring took 73.9 per cent of the factoring
segment.
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