In Brief: Leasing Portfolios Grew 16.4% in Third Quarter

third quarter while losses fell, according to an industry trade group. A survey conducted by the Equipment Leasing Association shows that lease portfolios in the third quarter were 16.4% larger on average than during the same period a year ago, while credit losses declined 14.3%, to 0.35% of total receivables. The quarterly survey is conducted by the Equipment Leasing Association, a trade group representing the $140 billion equipment leasing industry. The surveys track the performance of 16 prominent leasing companies in areas such as portfolio size, new business volume, delinquencies, average losses, credit approval rates, and total number of employees. According to the third-quarter survey, new business volume was 9.8% higher than in the third quarter of 1994, despite only a modest increase in approvals, from 79% a year ago to 82.7% during the third quarter of 1995.