The value of contracts signed by the members of the Leasing and Non-banking Financial Services Association (ALB) in the first half of this year reached 810.5m euros, more than double from the 393m euros posted in the same period of last year.
Of the more than 26,500 financing contracts concluded by the ALB members in the first half, almost two thirds were related to the transportation sector, 29% (233.2m euros) were for industrial equipment and only 6% (50.3m euros) for the real estate sector, according to ALB data.
As last year, the car segment accounted for the largest share of the total financing through leasing. Car financing accounted for over half of the 527m euro funding for the transportation segment. Heavy commercial vehicles accounted for 30% in the overall segment, while light ones accounted for 12%.
In the sector of industrial equipment, financing for construction accounts for the largest share of the total (41%), followed by IT and food industry.
The real estate sector accounts for the smallest share in total financing by ALB members, but has the highest growth potential for the following years, according to analysts in this field.
In the first half, residential construction contributed more than half to the total value of real estate leasing contracts, with industrial and commercial developments accounting for the rest. Office buildings accounted for less than 3% in total financing through real estate leasing.
Most contracts signed by the ALB members, namely 40%, had a duration of 3-4 years, while almost one quarter of total financing contracts were signed for 2-3 years. According to its own estimates, ALB covers approximately 60% of the Romanian leasing market.
After the first half of this year, the total value of assets financed through leasing in Romania reached 1.37bn euros, ALB data shows.
Companies h
