No change in top four in Leaseurope lessor rankings as UK companies fail to report

For 2013, Societe Generale Leasing Solutions once more takes pole position in the rankings and, indeed, the next three companies, BNP Paribas, Volkswagen Leasing and De Lage Landen International retain the previous year’s slots.

One of the biggest falls is Russian Federation lessor OJSC VEB Leasing which in 2012 was positioned fifth in the ranking but this year fell to 10th. Similarly, ING Lease, which was rated 10th in last year’s ranking has found itself at 20th this year.

Once again, for whatever reason, UK lessors are poorly represented in the ranking. Last year’s no. 37, UK-based Bank of America Global Leasing, has risen to no.28 while Asset Advantage Group, has risen seven positions to be this year’s no.61. Otherwise no other UK lessors have contributed – indeed Key Equipment Finance in the UK, which was 49th in the ranking last year failed to make any sort of appearance in 2013.

This year, however, 79 companies participated in this exercise. Of these firms, 62 are parent or stand-alone companies (bank related, captive or independent leasing companies) and 17 are classified as subsidiaries. These firms are ranked according to the value of their new contracts in 2013.

The figures are shown in the tables below, on a consolidated basis covering the parent and stand-alone companies only.

The final figures of the 2013 Annual Statistical Survey broadly confirm the preliminary European market results published this March. Total new leasing volumes increased by 0.7% to reach €251.9 billion.

Total new equipment leasing volumes, including vehicle leasing, grew by 1.9% to reach new business volumes of €238.4 billion or 94.6% of total new production in 2013.

Vehicle leasing was the driving force behind the market’s performance in Europe and grew by 5.1%. New equipment leasing volumes (excl. vehicle leasing) were more subdued and fell by 3.6%. Nevertheless, these markets performed better in the second half of 2013 than in the first six months of the year. Real estate leasing fell by 17.4%.

Parent and stand-alone companies in the Ranking Survey reported new leasing volumes of more than €130 billion, with an average contract size (all asset types considered together) of €35,678.

The total volumes reported in the survey represent 52% of all leasing business written in Europe in 2013*. The top 20 parent and stand-alone companies accounted for just over 42% of the total value of new contracts granted in Europe for 2013 and 27 companies reported new volumes of over €1 billion.

Leaseurope attempts to present an accurate representation of the Ranking figures. However, this exercise is not exhaustive as, while all European leasing firms are invited to take part in the survey, participation is on a voluntary basis. The full version of the Ranking is available to Leaseurope members and participating leasing firms only.

*according to Leaseurope’s 2013 Annual Statistical Enquiry, total new business volumes granted in Europe during the year reached €252 billion.

 Table 1a. Parent or Stand Alone Leasing Companies – Consolidated Figures

Table 1b. Parent or Stand Alone Leasing Companies – Consolidated Figures (Outside of Europe)