The Bulgarian leasing market grew 86 per cent in the 12 months
to March 31 2008 as its dominant financial leasing sector
benefitted from particular growth in the financing of machinery,
industrial equipment and wheeled assets.
The total amount of leasing companies’ claims under financial
and operating lease was BGN 4.1bn (€2.1bn) during the first three
months of this year, which represents 6.1 per cent of GDP, compared
with BGN 2.2bn (€1.1bn) at the end of Q1 2007.
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Some BGN 7.08bn (€362m) of construction equipment in total was
financed during Q1 2008, while in total BGN 1.1bn (€585m) of
machinery and industrial equipment was financed under financial
lease.
A roughly equivalent amount of transport and commercial vehicles
were funded by finance leases during Q1 2008, compared with just
BGN 545m (€278m) in Q1 2007.
The financial leasing of computers and other IT equipment
remains small, with just BGN 43.9m (€22.4m), compared with BGN
17.4m (€8.9m) at Q1 2007.
Real estate leasing rose during the two periods, from BGN 170m
(€87m) in Q1 2007 to BGN 272m (€139.3m) by March 31 2008.
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By GlobalDataJust BGN 63.3m (€32.4m) of operating leases were signed during
Q1 this year, compared with BGN 43m (€22.03m) in the equivalent
period last year.
The vast bulk of leasing deals are between one and five years in
length, with BGN 3.4bn (€1.7bn) of such transactions having been
signed during Q1 2008.
