Volkswagen Bank overtakes Fiat as leading bank issuing car credits

Volkswagen Bank Polska concluded 5,000 credit contracts worth zl. 134 million in this third quarter, toppling former leader of the market Fiat Bank Polska, whose credit volumes totalled zl. 73 million. Since the beginning of the year, Volkswagen's total credits have reached zl. 430 million, whereas Fiat's barely exceeded zl. 330 million, a significant decrease compared to last year. Generally, Fiat's results have been seriously affected by a poor demand for cars, connected with the low GDP growth rate. New players on the market managing to cope with the unfavourable situation, include DaimlerChrysler Bank Polska and Toyota Bank Polska, the latter considered likely to capitalise on promising Japanese cars sales to strengthen its position. (Prawo i Gospodarka, p. 8) M.K.