Deutsche Leasing Group - a stable result in a subdued investment environment

Bad Homburg, 26.03.2026

 
The Deutsche Leasing Group ended the financial year 2024/25 (as at 30 September 2025) with a solid result in an environment in which investment activity remains subdued and the economic picture is weak. The volume of new business rose by around 11 per cent to EUR 11.4 billion (previous year: EUR 10.3 billion). This trend mainly reflected individual large-scale transactions – including in the transport sector – as well as additional contributions in the green finance sector provided by the subsidiary DAL Deutsche Anlagen-Leasing (DAL). DAL’s volume of new business was at EUR 3.3 billion significantly higher than in the previous year (EUR 2.4 billion).

The Deutsche Leasing Group also demonstrated a stable trend from the point of view of its earnings: its net asset value has increased to EUR 2.7 billion (previous year: EUR 2.5 billion). At EUR 207 million, its economic result remained at a high level (previous year: EUR 216 million).

At EUR 24.5 billion, its consolidated balance-sheet total almost reached the previous year’s level (EUR 24.7 billion). The Group’s foreign subsidiaries contributed around a quarter of this. Expanded Group equity – including provisions under §340g of the German Commercial Code (HGB) – rose slightly to EUR 1.64 billion (previous year: EUR 1.54 billion).

The distribution made to the savings banks, as the Deutsche Leasing Group’s shareholders, was again increased to EUR 50 million (previous year: EUR 45 million). “In the financial year 2024/25, there was neither an economic nor a structural tailwind. The market conditions were difficult. We owe the fact that we were nonetheless able to achieve growth to larger-scale infrastructure financing as well as new markets such as green finance,” says Kai Ostermann, Chief Executive Officer of the Deutsche Leasing Group.
 
 

Green finance activities stepped up

In the financial year 2024/25, Deutsche Leasing further strengthened its position in the field of green finance. It did so based on the first tranche of the EUR 300 million capital increase provided by the savings banks in the financial year 2023/24, which is to be specifically used for projects associated with the green transformation.

Together with DAL, new business involving renewable energy reached a volume of around EUR 1.2 billion and was thus higher than in the previous year. Renewable energy projects are thus a firm part of the Group’s business model. In addition, the Deutsche Leasing Group is expanding its offering to include financing solutions for battery storage and grid infrastructure.
 

Varied trend for investments

Deutsche Factoring Bank (DFB) achieved a factoring turnover of EUR 16.7 billion in the calendar year 2025 (as at 31 December 2025), which thus fell short of the figure for the previous year (EUR 18.4 billion). Business was strained by the ongoing weak economic trend. DFB responded to this development by implementing a comprehensive package of measures in the second half of 2025, with a focus on stepping up its joint exploitation of the market with the savings banks in relation to new business and on initiatives to win back customers and encourage customer loyalty.

S-Kreditpartner (SKP) registered a stable development trend overall in 2025 (as at 31 December 2025). At the end of the year, new business amounted to EUR 5.5 billion and was thus 7 per cent higher than in the previous year. Its loan portfolios have increased by 6 per cent to EUR 12.0 billion. Since the financial year 2024/25, the Deutsche Leasing Group has held a 40 per cent interest in SKP.
 

Transformation financing remains in demand

For the first half of the financial year 2025/26, the Deutsche Leasing Group anticipates a stable overall business trend. However, the company expects that the continued weak economic situation and a market environment which remains volatile will have a clear impact on its business.

“The market environment remains difficult, and transformation pressure is on the rise on a cross-sectoral basis. Companies must invest in order to remain competitive – and their investment needs require financing,” says Kai Ostermann, Chief Executive Officer of the Deutsche Leasing Group. “We are supporting the SME sector together with the savings banks and our partners, in Germany and other countries.

In this context, in the current financial year transformation financing and investments in key fields of the future will remain part of the Deutsche Leasing Group’s strategic orientation. This includes sustainability, digitalisation, mobility as well as the security and defence sector.
 

About Deutsche Leasing

The Deutsche Leasing Group is a solution-oriented asset finance partner for Germany’s SME sector. For over 60 years, the company has supported investment projects both domestically and internationally, offering comprehensive financing solutions (asset finance) as well as complementary services (asset services) for fixed and current assets. As a central, internationally focused partner within Sparkassen-Finanzgruppe, Deutsche Leasing assists the German SME sector in financing transformation and innovation – from decarbonisation and digitalisation to sustainable infrastructure. In its international business, Deutsche Leasing operates in more than 20 countries, including key export markets in Europe, in China, in the USA, in Canada and Brazil. In the 2024/25 financial year, the company generated a new business volume of EUR 11.4 billion and employed around 3,200 people worldwide.

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