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Friday, 26.04.2024, 20:50
Estonian leasing market grows by a quarter in 9 months
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Growth was the most robust at 27% in the machinery and
equipment segment, which accounts for 31% of the total new lease portfolio.
Significant increases were recorded also in the commercial vehicles and
passenger car segments, which expanded by respectively 23.7% and 19.2%. The
passenger car segment continues to hold the biggest share in new sales with 45%,
the Estonian Leasing Association said.
The total value of the lease portfolio of members of the
association at the end of the third quarter was 2.19 bln euros, 5% bigger than
a year ago. The quality of the lease portfolio is good - payments overdue for
more than 60 days accounted for only 0.49% of the total portfolio.
The Estonian Leasing Association has nine members who
between them account for an estimated 98% of the leasing market.
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