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SGEF registers 89% increase in demand for operating leasing

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Société Générale Equipment Finance (SGEF) financed business investments totalling CZK 5.5bn in H1 2016, up 5% y/y. The demand for operating leasing increased by 89% to CZK 1.1bn. Demand for financial leasing soared 23% to CZK 2bn. The value of extended loans dropped 23% to CZK 2.1bn. Strategy and marketing director Zdeněk Kejval has told ČIANEWS that leasing products’ growth is in line with the corporate strategy. The decline in extended loans is largely driven by the suspension of subsidy programs in engineering.

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