40,000 UK clients for invoice and asset finance

The number of companies using invoice and asset finance remained stable during 2017 at around 40,000 in the UK, but the level of lending rose, according to newly-released figures. Data from UK Finance for last year shows that total invoice finance and asset-based lending was £23.4 billion, up 5% on the funds advanced during 2016. This includes nearly 2,000 clients in the Republic of Ireland, taking the total client base for the research to 42,067.

40,000 UK clients for invoice and asset finance

Apr 12, 2018

The number of companies using invoice and asset finance remained stable during 2017 at around 40,000 in the UK, but the level of lending rose, according to newly-released figures. Data from UK Finance for last year shows that total invoice finance and asset-based lending was £23.4 billion, up 5% on the funds advanced during 2016. This includes nearly 2,000 clients in the Republic of Ireland, taking the total client base for the research to 42,067.

UK consumer motor finance market reports steady growth in February

New figures from the Finance & Leasing Association (FLA) show new business in the point of sale (POS) consumer car finance market increased 7% by volume and 13% by value in February. The growth comes despite a 2% decline in new car volume, partly reflecting a shift to higher value premium and SUV vehicles among purchasers. The percentage of private new car sales financed by FLA members through the POS remained steady at 88.5% in the 12 months to February, unchanged on the same period to January 2018.

UK consumer motor finance market reports steady growth in February

Apr 11, 2018

New figures from the Finance & Leasing Association (FLA) show new business in the point of sale (POS) consumer car finance market increased 7% by volume and 13% by value in February. The growth comes despite a 2% decline in new car volume, partly reflecting a shift to higher value premium and SUV vehicles among purchasers. The percentage of private new car sales financed by FLA members through the POS remained steady at 88.5% in the 12 months to February, unchanged on the same period to January 2018.

Mixed fortunes for UK asset finance market during February

Asset finance new business in the UK for deals of up to £20 million fell 1% in February compared to the same period last year, as demand for commercial vehicle and equipment finance fell. While plant and machinery finance and IT equipment finance sectors reported new business growth in February of 5% and 13% respectively, compared with the same month in 2017, commercial vehicle finance was down 7% and business equipment down 20% over the same period.

Mixed fortunes for UK asset finance market during February

Apr 06, 2018

Asset finance new business in the UK for deals of up to £20 million fell 1% in February compared to the same period last year, as demand for commercial vehicle and equipment finance fell. While plant and machinery finance and IT equipment finance sectors reported new business growth in February of 5% and 13% respectively, compared with the same month in 2017, commercial vehicle finance was down 7% and business equipment down 20% over the same period.

Polish leasing market to grow more than 15% in 2018

The Polish leasing market is expected to grow by more than 15% during 2018, marking its sixth year of double-digit growth. Equipment finance will be the main driver of the projected increase, along with auto finance for both cars and commercial vehicles, according to the Polish Leasing Association (Związek Polskiego Leasingu). The expected expansion follows strong market performance in 2017, when new business grew 15.7% to PLN67.8 billion (US$19.8 billion).

Polish leasing market to grow more than 15% in 2018

Apr 03, 2018

The Polish leasing market is expected to grow by more than 15% during 2018, marking its sixth year of double-digit growth. Equipment finance will be the main driver of the projected increase, along with auto finance for both cars and commercial vehicles, according to the Polish Leasing Association (Związek Polskiego Leasingu). The expected expansion follows strong market performance in 2017, when new business grew 15.7% to PLN67.8 billion (US$19.8 billion).

Austrian leasing market sets new records

The Austrian leasing market grew by 7.4% during 2017, with new lease volumes reaching a record level of €6.9 billion. New business volume is now higher than the previous record set in 2008 before the start of the global recession. Dr Alexander Nekolar, president of the Association of Austrian Leasing Companies (VÖL), said: “We are very satisfied with the 2017 result. The domestic leasing industry is once again growing more dynamically than the overall economy.”

Austrian leasing market sets new records

Mar 27, 2018

The Austrian leasing market grew by 7.4% during 2017, with new lease volumes reaching a record level of €6.9 billion. New business volume is now higher than the previous record set in 2008 before the start of the global recession. Dr Alexander Nekolar, president of the Association of Austrian Leasing Companies (VÖL), said: “We are very satisfied with the 2017 result. The domestic leasing industry is once again growing more dynamically than the overall economy.”