Serbian finance leasing cos move to combined 9-mo net loss

The companies' interest income from leasing came in at 3.57 billion dinars for the reporting period, down from 3.97 billion dinars a year earlier, the central bank said in a quarterly report posted on its website on Tuesday.

The combined balance sheet assets of the local leasing companies totaled 75.6 billion dinars at the end of September, down by 5.8% relative to December 31, 2011.

There were 16 finance leasing companies operating in Serbia in the third quarter of 2012, including 10 wholly or majority-owned by foreign firms. The top three in terms of market share were Hypo Alpe-Adria Leasing with 22.0%, Intesa Leasing with 9.3% and UniCredit Leasing with 8.2%.

(1 euro=112.8015 Serbian dinars)