NewsUncategorized

UK & Ireland remain top asset finance market

Posted at June 24, 2014 | Categories : News,Uncategorized

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.