Romania’s financial leasing market increased by 16% year-on-year in the first half of 2015, to EUR 769 million. The growth was mainly supported by the financing of vehicles, which went up by 18%, and by the financing of building and medical equipment, according to the Financial Services Association – ALB Romania.

Financing for vehicles represented 77.5% of the total market and amounted to EUR 596 million, funds for equipment reached EUR 154 million (20%) while those for real estate, EUR 19 million (2.5%).

“The first half’s results confirm our expectations for a positive development of the leasing market in 2015, amid a climate favorable for growth in all important areas of the economy,” said ALB president Felix Daniliuc, cited by local Mediafax.

The companies that most often resort to financial leasing are the small and medium enterprises, according to ALB data.

The most common period of financing is the one between 4 and 5 years (33%), followed by the one between 3 and 4 years (23%), 2-3 years (18%), 5-7 years (12%), 1-2 years (8%), 1 year (4%), and 7-15 years (2%).

ALB represents 85% of Romania’s financial leasing market.

Irina Popescu, irina.popescu@romania-insider.com