PragueConnect.cz - Economy

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SGEF grew 25% in Q1 2015

The total acquisition price financed by Société Générale Equipment Finance Czech Republic (SGEF) grew 25% to CZK 2bn y/y in Q1 2015. The growth was driven primarily by transport (53%) and machinery and equipment (37%). The trading in printing, construction and high-tech segments is growing as well. SGEF’s general director Reinhold Knödl has stated in an interview for ČIANEWS that SGEF focuses in the high-tech segment on the financing of IT and medical technology. According to Mr. Knödl, financed value in this segment exceeded CZK 560m in 2014 and the segment accounts for 5% of SGEF’s portfolio.

Source: www.cianews.cz