Romania's financial leasing market, up by 13% in Q1

Romania’s financial leasing companies granted in the first quarter of the year new financing worth EUR 350 million, up 13% year-on-year. Companies received 98% of the funds, whereas individuals received only 2% of the financing. The companies that most often resort to financial leasing are the small and medium enterprises, according to the Financial Services Association – ALB Romania. About a third of the companies ask for a 4 to 5-year financing period, a quarter choose a 3 to 4-year financing period, 18% choose a 2 to 3-year period. The real estate sector, which has a 3% share, usually chooses financing periods between 7 and 15 years. The vehicle segment received financing worth EUR 270 million and had a 77% share of the total, whereas the equipment segment received EUR 68 million and had a 20% share. editor@romania-insider.com