IntelliNews Romanian Leasing Sector Report
Emerging Markets Direct, January 2007, Pages: 5
Romanian Leasing Sector Report offers an thorough summary of the leasing sector, which witnesses a strong development in the country. The report includes a complete coverage of the latest developments of the sector, accompanied by statistical data, as gathered by the two industry associations. This sector report is ideal to keep you abreast on recent industry news. Written by local analysts, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions. The report covers the period SEPTEMBER - DECEMBER 2006
The evolution of the market is a continuous increase. According to figures released by ASLR, the Romanian leasing market doubled its turnover over the last three years from EUR 1.4bn in 2003 to the estimated EUR 2.8bn for 2006. Further growth is estimated for 2007, when the leasing market could reach EUR 3.4bn
- Leasing sectors is supervised and regulated by the Central Bank, starting with mid-2006
- Leasing sector turnover is estimated for 2006 at EUR 2.8bn and to further EUR 3.4bn in 2007
- Market participants are divided into two industry associations: ALB and ASLR
- Total value of assets financed by leasing over the first 6 months of 2006 is EUR 1.4bn,
- ALB members signed over the first 9 months of 2006 contracts worth EUR 1.28bn, i.e. 93% higher y/y
- ASLR members reported for the first 9 months of 2006 a 36.5% y/y increase of contracts value to EUR 1.17bn
- In future motor vehicle leasing stake will decrease for the benefit of equipment and real estate leasing
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