30.07.2018
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Record-setting performance of Millennium Leasing in the first half of 2018
During the first six months of 2018 Millennium Leasing had record-high sales of PLN 1.66bn, which constitutes 15% growth over the same period of last year. During the same time the lease portfolio grew 12% y/y reaching the level of PLN 6.1bn. In Q2 2018 alone value of leased assets was PLN 856m. As regards the value of leased assets collected by customers, this was the best semester in the company’s history.
Such good performance resulted first of all from sales growth in machines and equipment (PLN 439m i.e. 23% growth) as well as heavy road transport (PLN 528m, 13% growth).
- The first six months of the year have been truly impressive. Suffice to say that the value of leased assets collected by customers exceeded the 2012 annual result. How did we do it? On the one had we are supported by growth of the entire lease market, but on the other hand – keeping operating costs under strict control – we are boosting our operational capacity to process transactions, the number of which is growing strongly year-in, year-out. This is possible thanks to combining an investment in new IT tools with in-depth analysis and optimisation of business processes, which involve all organisational units of the company - Marcin Balicki, Chairman of the Management Board of Millennium Leasing, said.
For years Millennium Leasing has been offering lease financing to all sectors in Poland. The company is an active member of Polish Leasing Association (ZPL), contributing especially to establishment of the ZPL Digitalisation Group and one of the first leasing companies to appear on the Polish market. Lease services are sold via a network of lease advisors in 66 branches around Poland. Sales efforts are also carried out in active cooperation with banking advisors in retail branches and corporate units of Bank Millennium.