Romania’s financial leasing market recorded last year a 7 percent increase against 2013 to EUR 1.32 billion, due to the 14 percent growth registered by the auto segment to EUR 1 billion, while equipment leasing fell by 11 percent to EUR 282 million, according to ALB Romania as quoted by Mediafax.
For this year, the market representatives expect a 10 percent increase of the industry, at a pace of consolidation.
ALB Romania president Felix Daniliuc, who is also the general manager of Raiffeisen Leasing, pointed out that the leasing market has growth potential, provided that it has a 1.8 percent share of the GDP, compared to 3-4 percent in the region.
Last year, car leasing rose by 14 percent to EUR 1 billion, while equipment leasing decreased by 11 percent to EUR 282 million and the real estate segment fell by 17 percent to EUR 42 million.
As ratio, the vehicles have 76 percent, 5 percent up, equipment has 21 percent and real estate 3 percent. Cars still make a majority of 51 percent of the newly financed total volume in terms of vehicles.
Most of the judicial persons purchasing goods in leasing are SMEs. The most common financing period is 4-5 years (31 percent), followed by 3-4 years (23 percent), 2-3 years (18 percent), 5-7 years (12 percent), 1-2 years (8 percent), 1 year (4 percent) and 7-15 years (4 percent). The latter is characteristic to real estate financing.
ALB represents 89 percent of the financial leasing market in Romania.
Staff
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