Poland's leasing market is worth PLN 15 bln in Q1

Poland's leasing market grew by 12.7 percent y/y to PLN 15 billion in Q1, leasing industry lobby Związek Polskiego Lesingu (ZPL) said. Light vehicles (up to 3.5 metric tons) accounted for 44.6 percent of the market, followed by heavy vehicles with 28.2 percent share, while machinery and IT accounted for 25.7 percent, ZPL data showed. “Results reported by leasing sector in early 2017 are optimistic and bode well for the upcoming quarters,” ZPL President Andrzej Krzemiński said. In 2016 the market grew by 16.6 percent to PLN 58.1 billion and ZPL expects a 16.5 percent growth this year.