In the first six months, leasing companies financed goods worth EUR663 million, 22% more than in the same period of last year. The market growth was driven by equipment funding, which rose nearly 70% against the first half of 2010.
“The first six months performed as expected. I expect investments in production to help the leasing market up in the coming period as well, although vehicle financing should recover somewhat until the end of the year,” said Bogdan Speteanu, executive manager of BCR Leasing, the financial leasing company of the largest Romanian bank.
Vehicle funding rose 17% to EUR398 million, accounting for 60% of the overall market. But the share of vehicle funding has fallen from 70%-80% during the boom years.
(English version by Daniela Stoican; Editing by Oana Gavrila)