Hungary Leasing Market Expands 20%

Banking

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Leasing outlays in Hungary rose 20% year-on-year to HUF 420.2 billion in the first half, the Hungarian Leasing Association said on Monday, according to a report by state news wire MTI.

A single, big property development lifted the value of real estate leases, while growth was also supported by an increase in the prices of equipment, the association said.

SMEs continued to account for three-fourths of leasing companies' business. Retail clients and big companies are their next biggest groups of customers.

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