The number of new contracts edged up 1% to 85,166.

Vehicle leases accounted for HUF 607 bln of the total contract value.

The value of farm machinery leases reached HUF 93 bln.

The whole leasing portfolio increased 5.6% to HUF 2.508 tln, while contract numbers inched down by approximately 1% to 315,656.

Hungary’s 12% leasing market penetration rate is well under the 28% European Union average, according to the report.