Polish leasing market to grow by 5.5 pct in 2019

Poland's leasing market will expand by 5.5 percent to PLN 87.2 billion (EUR 20.23 billion) in 2019, according to a forecast by the Polish Leasing Association (ZPL) on Monday.

Last year, Poland's leasing companies provided domestic firms with PLN 82.6 billion (EUR 19.16 billion) of financing for their projects, 21.8 percent more than in 2017, ZPL said in a press release.

Of this amount, PLN 39.9 billion (EUR 9.26 billion) was used to finance light vehicles (passenger cars and vans up to 3.5 tonnes).

At the end of 2018, the Polish leasing industry's active leasing portfolio stood at PLN 146.6 billion (EUR 34.01 billion), ZPL reported.