Societe Generale Equipment Finance Czech
Republic (SGEF) has reported year-on-year growth of CZK0.9bn
(€36.9m) in new business volume for the period ending 30 June
The European bank said in a press statement
that the value of its new business volume has gone from CZK1.9bn
(€71.8m) in 2010 to CZK2.8bn (€115m)
The sector that has particularly grown is the
truck and trailer financing segment, which according to the press
statement is related to the recovery in the truck transport
Czech Leasing and Finance Association said
that SGEF’s market share in the segment grew by 1.5 percentage
points to 18.6%.
According to the press release, the Czech
leasing market is growing, albeit at a slow pace.