SGEF confirms its leadership in transport equipment financing, and significantly grows in farmer financing

Press release

9/19/2012
8:00 AM

Société Générale Equipment Finance has confirmed its number one position on the Czech market in transport equipment financing. In the first half of this year alone, it provided in this segment financing worth CZK 1.32 billion, which accounts for almost 20% of the whole market. Increasing its market share to 17%, the company also performs well in farming equipment financing.

Société Générale Equipment Finance is traditionally one of the strongest companies on the market in terms of transport equipment, and engineering and industrial plant financing. In the first half of 2012, it provided clients in the Czech Republic and Slovakia with funding totalling more than CZK 3.8 billion.

We have achieved good results on the slightly declining market thanks to our long-term relationships with clients. Leveraging our long-lasting leadership in transport equipment, our special offer for agricultural equipment financing has helped us to acquire a number of new clients in this segment,” says Reinhold Knödl, Managing Director of Société Générale Equipment Finance in the Czech Republic and Slovakia.

Société Générale Equipment Finance registered the strongest growth of its market share in the bus financing segment: in the period under review, it financed every third bus on the Czech market. Buses were also one of the few commodities the financing of which increased in the first half of 2012 (ČLFA member companies financed buses totalling CZK 914 million, compared with CZK 753 million in the first half of last year).

Plant and machinery financing grew only very little in the first half of this year. Overall, the market financed engineering products totalling more than CZK 8.27 billion, implying a year-on-year growth of 3.8%. Société Générale Equipment Finance financed almost 14% of the total volume of transactions on the Czech market in the engineering industry. With its market share of 19%, it is successful chiefly in the metal working industry.