ADVERTISEMENT

Leasing company outlays climb to HUF 740 bln in 2019

Telco

Hungarian leasing companiesʼ outlays rose 7% close to HUF 740 billion last year, the chief secretary of the Hungarian Leasing Association said at a press conference on Tuesday, state news wire MTI reports.

Outlays of car and light commercial vehicle (LCV) leases were up 11% at HUF 273 bln, said Zoltán Tóth.

Corporate fleet financing outlays increased by 4% to HUF 84 bln.

Large commercial vehicle (LCV) lease volume dropped 13% to HUF 166 bln.

Machinery lease contracts were up 20% at HUF 209 bln. Within machinery leases, farm machinery leases jumped 26% to HUF 103 bln, while construction machinery leases increased 6% to HUF 27 bln.

Leasing companies signed more than 1,800 contracts with a value of HUF 5.2 bln to finance the purchase of vehicles that can seat at least seven passengers. The segment was supported by the launch of vehicle purchase subsidies for big families last year.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.