There
is a wide range of leasing companies for the prospective
lessee to choose from and his business is pursued aggressively.
The major companies are subsidiaries of local Belgian
banks. Their portfolios consist predominantly of
medium and small-ticket leases, a large percent of which
are written with the service industries.
There
are also product-specialised companies,
in particular car and vehicle leasing companies and computer
leasing companies.
Vehicle leasing companies are often, but not always, owned
by large motor-manufacturing companies and, to a lesser
degree, major motor distributors.
Computer-leasing companies will either be captives or more
independent.
The
Belgian Leasing Association was founded in 1972,
about ten years after the launch of leasing in Belgium.
The Association has been studying and examining the many
problems which have arisen since then in respect of leasing.
Research is carried out in consultation with the members
of the Association.
In
the course of 2002, several Belgian professional associations
involved in financial business amongst which the Belgian
Leasing Association, decided to found an umbrella association
(FEBELFIN). This offers the Belgian Leasing
Association the opportunity of relying on a greater organization
in order better to protect and promote the leasing product
and consequently the clients of the leasing companies.