Economic Growth Ahead: Czech Leasing and Financial Association (CLFA)

Prague, Feb 25 (CTK) – Members of the Czech Leasing and Financial Association (CLFA) have a positive opinion of the market development over the next months, leasing companies have said.


An overwhelming majority of leasing companies’ managers in Europe, too, see the market development positively over the next six months because of the favourable outlook for the European economy, said a poll that was conducted by consulting company Invigors EMEA at the end of last year.


On the Czech market, the financing of movable investments went further up last year, with the segment growing since 2014.


“We believe this trend will continue given the expected growth of the domestic economy,” said CLFA board chairman Libor Bosak.


“The question is what the pace of the expansion will be as, for instance, the car market is starting to show some signs of saturation, which was reflected in an annual fall of the volume of heavy transport equipment financed by the association’s members,” Bosak said.


Interest rate hikes can play a certain role in this respect as well, he added.


CLFA’s members raised the volume of financing through leasing, loans and factoring by 5.4 percent annually to Kc163.3bn last year.