Leasing market up by 21% y/y in Q1

The value of the leasing market increased in Poland by 20.09 percent y/y to reach PLN 18.6 billion after the first quarter, the Polish Leasing Association ZPL stated. According to the report, financing of passenger and delivery vehicles up to 3.5 tons constituted 46.5 percent of the market structure, heavy duty transport vehicles - 27.1 percent, machines and other equipment including IT - 24.7 percent, and real estate - 1.1 percent According to the surveyed companies in Q2 the market activity will improve in terms of the number and value of received applications with 78 percent the respondents indicated an increase and a significant increase. The industry expects stabilization of the quality of the portfolio. The companies expect a higher level of financing in all market segments, in particular in the light vehicle market and in the segment of machines and other devices, including IT.