Alpha Leasing, Piraeus Leasing and Intesa SanPaolo increased funding for vehicle purchases at a double-digit rate and made it among the top ten companies financing this segment. The ranking of companies by equipment funding saw little surprises, except for the entry of German-held IKB Leasing.
UniCredit Leasing, the leasing company affiliated to UniCredit Tiriac Bank took the top spot in both the auto and equipment leasing rankings, with a funding volume of EUR62 million and EUR43 million, market sources say.
The strategies of leasing companies become much clearer from the second place downwards, where the rankings largely differ. Second leading leasing company on the auto segment is VB Leasign, while the second leading company on the equipment segment is Raiffeisen Leasing.
VB Leasing granted EUR28.6 million funding for vehicle purchases, and its market share on the segment reached 14%. Raiffeisen leasing granted EUR11.7 million for equipment purchases, 31% more than in the first half of last year, and its market share reached almost 9%.
Raiffeisen Leasing was also third in the auto leasing ranking, followed by BRD Sogelease, BCR Leasing and Garanti Leasing. The last four places went to BT Leasing, Alpha Leasing, Piraeus Leasing and the leasing company of Intesa SanPaolo.
Third leading company in the equipment funding ranking was BT Leasing, with its EUR3.7 million, followed by Garanti Leasing, VB Leasing, BRD Sogelease and BCR Leasing, IKB Leasing, Intesa SanPaolo and ERB Leasing (the leasing company of Greece’s Eurobank).
The leasing companies affiliated to banks funded EUR124 million worth of equipment purchases, 94% of the total, and EUR202 million worth of vehicle purchases, a little more than half of the market.
Leasing companies pinned their hopes on equipment leasing to go through the crisis, which nearly doubled in the first half of 2011 to 184 million lei (EUR42 million), but later plummeted.
The leasing market, one of the most affected in the crisis remains dependent on vehicle sales, which are not showing any signs of rebound yet.
(English version by Loredana Fratila-Cristescu)
Top leasing company by vehicle purchase funding in H1, 2013
|
Company |
Funding volume (mln. euros) |
Funding trend (%) |
Market share (June 2013. %) |
|
UniCredit Leasing |
62.2 |
-13 |
31 |
|
VB Leasing |
28.6 |
-13 |
14 |
|
Raiffeisen Leasing |
23.4 |
1.1 |
12 |
|
BRD Sogelease |
20.3 |
-30 |
10 |
|
BCR Leasing |
13.0 |
-55 |
6.4 |
|
Garanti Leasing |
11.3 |
-2.5 |
5.6 |
|
BT Leasing |
5.22 |
-18 |
2.6 |
|
Alpha Leasing |
4.11 |
45 |
2 |
|
Piraeus Leasing |
3.65 |
60 |
1.8 |
|
Intesa SanPaolo |
2.01 |
97 |
1 |
|
Total |
202 |
-16 |
51 |
Top leasing companies by equipment purchase funding in H1, 2013
|
Company |
Funding volume (mln. euros) |
Funding trend (%) |
Market share (June 2013. %) |
|
UniCredit Leasing |
43.3 |
-1.4 |
33 |
|
Raiffeisen Leasing |
11.7 |
31 |
8.8 |
|
BT Leasing |
9.91 |
166 |
7.5 |
|
Garanti Leasing |
8.25 |
-35 |
6.2 |
|
VB Leasing |
8.24 |
34 |
6.2 |
|
BRD Sogelease |
8.21 |
-69 |
6.2 |
|
BCR Leasing |
6.27 |
-56 |
4.7 |
|
IKB Leasing |
4.33 |
48 |
3.3 |
|
Intesa SanPaolo |
4.12 |
54 |
3.1 |
|
ERB Leasing |
1.96 |
-46 |
1.5 |
|
Total |
124 |
-15 |
94 |