Members of the Czech Leasing and Finance Association (CLFA) saw
volumes of movable property leasing fall by almost 20% year-on-year
in Q1 2010.
CLFA said in a press release on Friday (7 May) that volumes fell
to about €326 million (8.34 billion Czech koruny) in the first
quarter of 2010.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Granted consumer loan volumes dropped by more than 13%
year-on-year to €344 million, although the volume of loans to
entrepreneurs rose 7.4%, reaching €195.6 million.
The share of operative leasing from the total of machinery,
equipment and transport leasing also rose to 28.3% in Q1.
Road vehicle leasing remained dominant in movable property
leasing, with the share of passenger car leasing rising from 22.7%
to 33.8%.
Meanwhile, the share light utility vehicle leasing dropped from
almost 16% to 5.5%, due to a change in the law allowing the
deduction of VAT when buying a new car.
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 GlobalDataHowever, a boost in interest in leasing photovoltaic (solar
power) equipment contributed to a rise in the share of machinery
and equipment leasing, creeping up to 31.5% from 29.7% in Q1
2009.
In the first quarter of this year, photovoltaic equipment
leasing accounted for 8.9% of the total volume of movable property
leasing.
According to CLFA, the volume of factoring also rose in Q1 this
year, after falling last year.
During this quarter, claims worth €871.9 million were passed on
to members of the Czech Association of Factoring Companies (AFS CR)
– a year-on-year increase of 4.7%.
Claire Hack
