Support Ukraine Here -> Freedom Boxes

SGEF raises financing to CZK 2.2bn in Q1

Share on facebook
Share on twitter
Share on linkedin
Share on email

Table of Contents


Société Générale Equipment Finance (SGEF) in the Czech Republic and Slovakia recorded a growth in financing by over 6% y/y in the first quarter of 2017. It provided CZK 2.2bn to Czech and Slovak companies. The segment of financial products was led by loans, whose share increased to 44% from 37%. SGEF also recorded a continuing growth in the popularity of the operative leasing (current share of 21%). The financial leasing keeps 31%. According to CEO Reinhold Knödl, a significant recovery was recorded primarily in financing of construction machinery. SGEF was also able to close an important deal in the segment of aviation.

Source: www.cianews.cz

most viewed

Subscribe Now