The new financings granted by Romanian financial leasing companies went up by 30% in the first quarter of 2016 compared to the same period of 2015, to EUR 456 million, according to the Financial Leasing Association ALB Romania, whose members hold about 90% of the market.
Some 78% of the new financings were granted for passenger car and commercial vehicle purchases while 21% went into equipment and 1% financed real estate purchases.
The vehicle segment saw a 32% increase in new financings. Passenger cars accounted for 45% of the financings on this segment, followed by heavy commercial vehicles (40%), light commercial vehicles (13%), and other types of vehicles (2%).
Equipment financing increased by 39% compared to the first quarter of 2015.