UK & Ireland remain top asset finance market
In its Global Industry Activity Report for 2013, IFG has revealed that the largest traditional market for asset finance remains the UK and Ireland, at €330 billion.
However, the asset-based lending approach in China is estimated to have grown to almost €378 billion during the course of last year, as the global industry volume increased by around 3% to reach a record level of €2.2 trillion.
According to the trade body, the industry remains highly concentrated with the top five providers in each market averaging over 80% of the volume.
Bank owned business continue to dominate the markets and the large majority (75%) of respondents to IFG’s 2013 survey said that the development outlook for the industry is positive.