The Polish leasing market holds the 5th place in Europe
As indicated by the Polish Leasing Association (ZPL), the first market in Europe remains Great Britain, followed by Germany, France and Italy. Poland ranks 5th in Europe in terms of the value of new investments financed by leasing. This is according to data for 2023 published by Leaseurope, an organization of European associations of leasing and rental companies, which include about a thousand leasing companies. In 2023, companies associated with ZPL financed for the first time – under leasing and loan agreements – investments worth over PLN 100 billion.
– We maintain a strong 5th position in Europe and 1st position in Central and Eastern Europe. This is not a surprise, because since 2005 the leasing market has grown more than sixfold: from PLN 16 billion of financed assets in 2005 to PLN 102 billion in 2023. Last year, the industry broke the barrier of PLN 200 billion in the value of all assets used by over 1 million customers. The total value of investments financed by leasing over 30 years is as much as PLN 1 trillion – said Monika Constant, president of the Polish Leasing Association, quoted in the information.
Leasing drives the Polish economy
She added that almost 50 percent GDP in Poland is generated by sectors with a high share of leasing in investment outlays. In her opinion, leasing is today one of the key elements of the functioning of the country’s economy.
ZPL informed that compared to other European countries, leasing in Poland is an extremely popular service – the so-called indicator leasing penetration in the movable property market is the highest and amounts to 45%, with the average in Europe being 28%..
According to Leaseurope data, in 2023 the value of assets leased amounted to EUR 448 billion, i.e. almost 11%. more than in 2022 The portfolio of leased assets (outstanding repayment) in Europe is approaching EUR 1 trillion and at the end of 2023 amounted to EUR 976 billion, which means an increase of 4%. y/y. Most domestic leasing markets recorded growth, with more than half of them experiencing double-digit growth in 2023 compared to the previous year.
According to Leaseurope data, vehicle financing is the leader in most markets, including Poland. Cars accounted for 73 percent in Europe. all leased movable property, and their value reached last year EUR 331 billion in 2023