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Romanian leasing market reaches 2.3 bln Euro

Miercuri, 22 martie 2006, 0:00

The total value of leasing assets exceeded two billion Euros in 2005, according to a study by the Banking Leasing Association (ALB). For 2006, ALB forecasts a total volume of 2.3 bln Euros, up 15 percent compared to last year, with ascending trends for real estate and industrial sectors, and declining trend for cars.

The highest leasing market share is held by banking units, with 55 percent of the total volume, followed by corporations 30 per cent and independent companies 15 per cent.

The corporations have attracted the bulk of the financing – 87 per cent, retail 12 per cent and public sector 1 per cent. The leasing contract is more often signed on 3-4 years (37 per cent), 2-3 years (32 per cent), 4-5 years (10 per cent), 1-2 years (9 per cent), more than 5 years (8 per cent) and 1 year (4 per cent).

In 2006 some laws on leasing procedures are on the Parliament’s adopting list, including the Fiscal Code.

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