country economy
Leasing in Romania will comprise 5 per cent of its GDP this year
according to the Romanian Leasing Association, which is above
Leaseurope’s prediction of average penetration rates across
Europe.
Go deeper with GlobalData
In the next two years, leasing will comprise up to 6 or 7 per
cent of GDP.
While Romania is ranked above Bulgaria and Ukraine, and is
on-par with Hungary, it still has to catch up with the more mature
markets, Adriana Ahciarliu, secretary general of the Romanian
Leasing Association said.
The Romanian leasing market totalled €2.16bn for the first half
of 2007, and should reach €4.3bn for year-end 2007, which comprises
about 1 per cent of the total European market at about €300bn.
Over 18 percent of the financing is private-based, 15 percent is
based on authorised legal subjects and 4 percent on the public
sector.
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By GlobalDataFurthermore, Romania’s Volksbank Leasing, the leasing subsidiary
of Austrian Volksbank also aims to achieve leasing contracts worth
€220m in 2007 and boost the value by 20 per cent to €265m in 2008
to be the fourth largest domestic leasing company.
VB Leasing Romania signed 8,500 leasing contracts with a value
of €145 in the first nine months of 2007, up 25 pct
year-on-year.
