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Commercial Credit News
|Asset finance new business surpasses pre-crisis peak|
|Thursday, 06 August 2015|
New figures released today by the Finance & Leasing Association (FLA) show 20% growth in asset finance new business for deals of up to £20 million in June 2015, compared with the same month last year. As a result, new business in this market reached £27.1 billion in the twelve months to June, surpassing its pre-crisis peak of £26.7 billion.
IT equipment finance grew by 32% in June compared with the same month in 2014, while business car finance and plant and machinery finance grew by 30% and 11% respectively over the same period.
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