Leasing market in the EU. It is growing the fastest in Poland (REPORT)

Luc Williams

The industry is optimistic about its future

Today, Poland is the 5th and fastest growing leasing market in the European Union. Over the last 18 years, the value of financed assets has increased from PLN 16 billion annually in 2005 to PLN 102 billion in 2023. The market has been growing at an average rate of over 10%. annually – according to the report of the Polish Leasing Association (ZPL) prepared together with EY-Parthenon, published on Tuesday.

According to the data presented in the report “Leasing on the transformation path. We have been driving the economy for 30 years” leasing finances almost 30 percent. all investment outlays in the Polish economy. The industry is also optimistic about its future. 77 percent leasing companies believe that the economic situation in the sector over the next 5 years will be good, and an additional 18% believe that the situation in the sector will be very good.

“The leasing position in Poland was growing along with the business of our clients. In 2023, companies associated with the Polish Leasing Association financed – based on leasing contracts and loan contracts – investments worth over PLN 100 billion. Over the past 30 years, the leasing market has had to strengthen several times be patient, observing the decline in investment dynamics, which was a consequence of the difficult macroeconomic situation. However, no perturbations, both in the medium and long term, have shaken the stability of our industry,” said Paweł Pach, president of PKO Leasing, representing ZPL.

More than 1 million customers use leasing

According to the report, last year the industry broke the barrier of PLN 200 billion in the value of all assets. This is more than the value of all movable assets financed with an investment loan (nearly PLN 170 billion). More than 1 million customers use leasing. The total value of investments financed by leasing over 30 years reached PLN 1 trillion.

“Almost 50 percent of GDP in Poland is generated by sectors with a high share of leasing in investment outlays. In 2022, leasing accounted for 27.5 percent of all investment outlays in Poland,” said Monika Constant from ZPL.

According to Łukasz Sikora from EY-Parthenon, leasing will also play an important role in the energy transformation of many key sectors for Poland, e.g. transport, industrial processing and agriculture.

The authors of the report emphasized that the indicators regarding financing investments in the form of leasing in Poland are higher than the European average.


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