Press news


25.07.2016

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Good results of Millennium Leasing after the first half of 2016

In the first half of 2016 Millennium Leasing signed lease contracts on financing assets worth more than PLN 1.5bn, which resulted in strong 13.3% growth over the same period of last year. Currently the company’s portfolio contains over 44,000 active leasing contracts.

We are working with over 15,000 customers and keep increasing our group of partners. In our business activity we focus on quality and innovation. Understanding the needs of entrepreneurs we successfully satisfy them on a partnership basis. This translates directly to the company’s financial results in individual segments. – Marcin Balicki, Chairman of the Management Board of Millennium Leasing said.

In Q2 2016 Millennium Leasing yet again recorded good results in financing heavy transport. The value of assets financed in this segment was PLN 689.7m, which means close to 38% growth over the first half of 2015. In this category the company also saw growth in following groups: trucks over 3.5 tons GVMR - 120% increase; tractor units – 26.2% growth and trailers and semi-trailers – 23.1% growth.

The value of assets financed in the light vehicles category was PLN 386.9m, which signifies a significant 34.4% increase over the same period of last year and results from implementation of innovative technologies, supporting the process of concluding agreements. Significant increases were seen in the category of trucks up to 3.5 tons GVMR – 55.7% growth. Cars were close to 30% up.

The value of financed industrial machines and equipment reached PLN 451.1m.

Millennium Leasing advisors are proactively selling leasing services in more than 60 branches all over Poland. This activity is also performed in cooperation with Bank Millennium Relationship Managers – in retail branches as well as those, which cater for the needs of companies. The company was one of the first leasing companies to appear on the Polish market and is a long-standing member of Polish Leasing Association.