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Leasing market up 4 percent in 2004

CAC Leasing Slovakia remained the market leader, having financed Sk8.6 billion (€226 million) worth of assets, followed by ČSOB Leasing with 7.4 billion (€194 million)and VB Leasing SK with 5.8 billion (€152 million).

In total the ALS members concluded 66,497 contracts, the TASR news agency wrote.

Movable assets represented Sk44.8 billion (€1.17 billion) of the leased assets, with passenger cars dominating this category. Leasing forms financed the purchase of 43,774 passenger cars, worth Sk18.7 billion (€491 million) last year.

A favourable development was recorded in the financing of machines and industrial appliances, which rose by 8.2 percent year-on-year to Sk9.5 billion (€249.6 million).

A major growth was also seen in the leasing of real estate, which rocketed from a mere Sk118 million (€3.1 million) in 2003 to Sk1.5 billion (€39.4 million) in 2004.

Compiled by Martina Jurinová from press reports
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