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Millennium Leasing solid performance after three quarters of 2016

24-10-2016 MembersNews

During three quarters of 2016, Millennium Leasing signed lease agreements worth more than 2,35 billion PLN. The company recorded more than 18% increase in the value of financed assets versus the same period of 2015 and 28% increase in the number of agreements signed. 


Two-digit increases result directly from our objectives defined at the beginning of the year and then pursued consistently. Among other things, we have improved our automated sales process with credit decision available within a few seconds. It fulfilled the needs of small and medium-sized companies for which the speed and simplicity of lease decision is of paramount importance. At the same time we did not reduce the dynamics of our cooperation with big companies which appreciate long-term relationship or use  leasing as part of the broader range of the financial services offered by the Millennium Group. Good results confirm our conviction that we have selected the right development direction. – says Marcin Balicki, Chairman of the Management Board of Millennium Leasing.


The company recorded a unique, almost  24% increase year on year in real estate financing. After three quarters of 2016, the total value of the financed assets from  the means-of-road-transport group was more than 1,45 billion PLN, which is almost 30% increase. In the category of heavy transport the value of financed assets went up by  22% versus the same period of 2015 and totalled 858 million PLN. In this category the fastest growing items were trucks above 3,5t (almost 46% increase), buses (30,4%) and semi-tractors (up 19,4 %). After three quarters, the value of the financed light vehicles reached more than 600 million PLN (more than 40% increase).


Also in the machinery and equipment segment which reflects the demand for investments in the Polish economy, the value of the transactions financed by Millennium Leasing exceeded 780 million PLN, i.e. it has increased by almost one  fourth versus the same period of 2015.


Millennium Leasing is a company that offers financing of a wide array of investment projects, from simple cars, through a complete range of means of road and railway transport, ending with big and complicated machines and technological lines. The company is an active member of the Polish Leasing Association and one  of the very first lease companies that launched its operations on the Polish market.


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