Value of leased assets continues to grow

The value of assets financed by leasing sector firms in Poland in Q1-3 2014 grew by 27.4 percent year-on-year to more than PLN 31 billion, according to data published on Tuesday by the Polish Leasing Association. In the real estate sector, the value of leasing deals was PLN 30.4 billion and grew by 30.8 percent compared to the corresponding period of 2013. New deals were worth a total of PLN 594 million, 38.6 percent less than a year ago. As of the end of September 2014, car leasing stood for 63 percent of the leasing value outside of the real estate sector. The value of car leasing deals was PLN 19 billion and grew by 38.6 percent y/y. In the case of machinery leasing, the second-biggest segment outside real estate, the value was PLN 10 billion, 21 percent more than in Q1-3 2013.