Leaseurope, the trade association representing the European leasing and automotive rental industries, said that new leasing business in Europe reached EUR314.9 billion in 2015, increasing by 9.4% compared to 2014, mainly generated by the vehicle leasing segment.
The financial leasing portfolio in Romania rose 10% on the year in 2015, while the European financial leasing portfolio rose 3.2%.
The evolution of the Romanian leasing market follows the positive trend of the loans granted by non-banking financial institutions (NBFIs), which rose 14.2% on the year, according to central bank data.
“Recovery in leasing business was more widespread across Europe in 2015. This was most pronounced in the vehicle leasing segment, with the majority of national markets witnessing double digit increases, while results for equipment leasing show domestic growth differences persisting. New leasing volumes for passenger cars rose by 15.9% in 2015 compared to 2014, with slightly slower but still strong growth for commercial vehicles at 11.3%,” according to Leaseurope.
The computers and business machines segment performed well on average in Europe, expanding by 10.9%; however, this was mainly due to some high increases in only few countries.