Information that the Leasing Companies Association (ALS) in Slovakia provided to SITA on Wednesday shows that the total volume of leasing contracts for movable and immovable assets at acquisition prices without value added tax (VAT) represented SKK 16.243 billion over the first three months of this year, up almost 18.5 percent y/y. ALS said that leasing of movable assets made up the greatest portion of this, reaching SKK 15.487 billion over the monitored period, going up 15.1 percent y/y. The volume of immovable leasing recorded a 193 percent increase to SKK 756 million.
The volume of car leasing financing achieved the biggest share on the movable assets leasing market when it exceeded SKK 5 billion. The share of truck leasing financing was SKK 3.696 billion; machinery and equipment-leasing financing closely followed. Utility vehicles were fourth with SKK 2.487 billion. "Even though personal cars are the most financed objects, their share in the commodity structure is constantly shrinking," the association reported. Personal car leasing currently represents one-third of the market.
With regard to forms of financing, the market offers four basic types: financial leasing, operating leasing, installment sales and consumer loans. Financial leasing maintains its dominant position, the ALS announced, but its current share of 74 percent is going down, on the other hand, the share of consumer loans is going up.
The Leasing Companies Association was established in October 1992 and it now has 35 active members. It is involved in international structures as a member of the European Federation of National Leasing Association, i.e. Leaseurope.
StoryEditor