Poland's leasing market grows 17.1% to PLN 42 bln in Q1-3

Poland's leasing market expanded 17.1 percent y/y to PLN 42 billion in the first three quarters of 2016, with further acceleration expected in the main financing categories in Q4, the Polish Leasing Association (ZPL) announced. Passenger cars and vans of up to 3.5 tons accounted for 41 percent of leasing volumes in that period, followed by heavy means of transport means (30.6 percent), and machinery and devices, including IT (26.6 percent). Real estate constituted only 1.2 percent of the leasing market.

“Results of a ZPL survey regarding the economic situation in the leasing industry, carried out among persons responsible for sales in leasing firms, show that the surveyed firms expect significant acceleration of sales activity, the stabilization of the quality of the leasing portfolio, and stabilization of employment,” ZPL reported.