While lenders continue to report higher losses, fourth-quarter chargeoffs in the leasing industry declined 17 basis points from the year-earlier period.

The decline - to 0.47% of net receivables - came at the same time the leasing industry was recording a 19.1% increase in new business volume, to $7.4 billion, according to a survey conducted by the Equipment Leasing Association.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.