Leasing
Despite the difficult market conditions in 2003,
De Lage Landen succeeded in expanding the
volume of its activities. Operating profit increased
by 11% to EUR 264 (238) million and the loans
portfolio grew by 11% to EUR 12 (11) billion.
The business increased its leading position in
the international vendor finance market.
International activities
Market leadership
Activities in the Netherlands
Leasing 47
De Lage Landen International B.V. is an international provider of
high-quality asset financing products, with offices and collaborative
ventures in Europe, North and South America, Australia and New
Zealand.The international services - specialised asset financing and
vendor finance services - focus on the Agriculture Food, Healthcare,
^Telecommunications, Materials Handling Construction Equipment
and Office Equipment sectors. De Lage Landen has almost 2,500
employees worldwide, of whom approximately 750 in the Netherlands.
Its long-term focus on vendor finance, its sophisticated systems and its
network of 21 countries spread over four continents enable De Lage
Landen to acquire prominent international clients. In 2003, new clients
included Steelcase, Microsoft Capital Corporation, Merrill Lynch, Komatsu,
Sony and SAP.This demonstrates that the business has become a leader
in the international vendor finance market.
In the Netherlands, De Lage Landen offers a wide range of leasing
and trade financing products, including equipment lease, ICT lease,
vendor lease and car lease. De Lage Landen's strengths in the
Netherlands are its fast settlement of lease contracts and its specialist
knowledge of objects in various branches of industry. Its product range
is marketed through the local Rabobanks as well as directly. As from
Jochem de Bruin stars
in the TV commercial.
