Bulgaria’s leasing market grew
year-on-year by 59 percent during 2008 to reach BGN5.8 billion (€3
billion), according to the country’s Central Bank.
Almost all deals were finance
leases, and although the industry saw poor sales in Q4, total
business volume for the quarter was only down 1.1 percent
year-on-year.
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Machinery and industrial equipment
leasing grew 54 percent year-on-year to €794 million. Car leasing
was also up 54 percent to €972 million.
In 2009 Bulgaria saw its worst
January car sales on record, however, with a 47 percent drop on
last year’s figure.
Romania’s leasing industry saw some
success in 2008 as well, with operating leasing company Sixt New
Kopel Romania doubling its yearly turnover to €80 million, and VB
Leasing Romania tripling profit to a figure of €6.8 million,
despite a 22 percent fall in turnover.
Also, the leasing arm of the
Romanian Development Bank, owned by French Société Générale,
reported a 5 percent increase in new business over the year, to
€237 million from €225 million in 2007.
In the Western Balkans, Bosnia and
Herzegovina’s leasing market shrank by 11 percent in 2008 to a
value of €352 million, according to the country’s leasing
association.
