More than half of the top ten companies that operate on the leasing market generated turnover increases of 30% within the first nine months of the year, higher than the growth rate forecast for the entire market.
UniCredit Leasing Corporation, BCR Leasing and Porsche Leasing continue to control the leasing market, which could reach 4.2bn euros this year. UniCredit Leasing, which entered the market earlier this year in the wake of the merger between UniCredit Leasing and HVB Leasing, in the first nine months of 2007 granted financing worth 350m euros and for the entire year plans to finance goods worth 500m euros and therefore account for almost 12% of the market.
Ranked second is BCR Leasing, which registered a 26% turnover increase in the first nine months against the same period in 2006, to 280m euros. As was the case for most players on this market, car financing accounted for almost half of BCR Leasing's portfolio (around 43%).
Ranked third is Porsche Leasing, which specialises in car financing and posted turnover worth almost 249m euros in late September, up 11% against the same period in 2006. By yearend, the company expects to reach a financing volume worth 320m euros, which corresponds to the acquisition of 20,000 cars.
Next is the leasing division of Austrian-based Raiffeisen group, which financed the purchase of goods worth 190m euros in the first three quarters. The company's turnover advanced by 64%, against the same period in 2006
Other companies in the top ten that registered over 30% financing growth are BRD Sogelease, Tiriac Leasing and Motoarctive Leasing, while Credit Europe Leasing and Piraeus Leasing saw turnovers double during this period. Overall, six of the top ten companies reported increases of over 30% - higher than this year's forecast growth rate.
BRD-SocGen's leasing firm ranked fifth, with financin
