In the UK, some £5bn (€5.9bn) in asset finance was made
available during the three months to 30 September 2011.
Third quarter figures from
the Finance & Leasing Association (FLA) show total asset
finance lending up 5% on the same period in 2010.
Total asset finance business
stood at £2bn for September 2011, 4% up on September 2010, and
£20.9bn for the 12 months to September, up 8% on the previous 12
months to September.
The figures show September
2011 was a volatile month across all asset classes, with business
equipment finance down 10%, plant and machinery finance down 15%,
and aircraft, ship and rolling stock finance down 19% compared with
However, IT equipment finance
was up 35% and commercial vehicle finance 32%.
All asset classes, however,
enjoyed a positive third quarter and year-to-September compared to
the same periods in 2010.
Exceptions were aircraft, ship and rolling stock finance
(down 66% in Q3 compared to Q3 2010) and IT equipment (down 1% in
the 12 months to September).