Founded in 2004, the Banking Leasing Association (BLA) represents bank affiliated leasing companies, members of well-known banking groups on the Romanian and European markets: Alpha Leasing, BRD Sogelease, BT Leasing Transilvania FinansLeasing, HVB Leasing, Piraeus Leasing, Raiffeisen Leasing, UniCredit Leasing, and Volksbank Leasing. As a result of market request, ALB has considered inviting as full members those leasing companies that are representative for the leasing industry from other sectors besides the banking one. Thus, ALB is announcing the active membership of Motoractive SA starting September, 2005.
The signed lease contracts total during the second quarter of 2005 amounts to € 393 million. In terms of number of contracts ALB has signed a total of 12895 leasing contracts during the second quarter of 2005. The diversity of the financing granted to the sectors of the national economy is shown in the fact that 24% (97 mill. Euro) of the total financing was represented by industrial equipment, 6% (22 mill. Euro) by real estate and 70% (274 mill. Euro) by the vehicles’ sector.
The industrial equipment presents a majority of 24% (22 mill. Euro) on construction field being followed by metal processing equipment with a total of 19 million Euro (21%) and other types of equipment totaling 56 million Euro, as follows: printing&packaging (10%), medical equipment (7%), food&beverage(6%), textiles&footwear (3%), office & furniture (6%), IT (2%), software (1%), chemical & petroleum equipment(3%),agricultural equipment (5%) and other types (12%).
Regarding vehicles’ category, passenger cars have a share of 58 % (154 mill. Euro), heavy commercial vehicles 29 % (77 mill. Euro), light commercial vehicles 11 % (29 mill. Euro) as well as other types of vehicles in percentage of 2% out of total.
The financing of real estate industry is dominated by industrial building sector with a total of 93%( 20 mill. Euro) while the other 7% (2 mill. Euro) is represented by retail outlets.
Corporate customers received most of the financing (90 %), followed by retail (6 %) and the public sector (4 %). Reviewing the duration of the leasing contract, the dominant period is 2 to 3 years and 3 to 4 years term with a similar percentage of 33 % followed by lease contracts with a term between 4 to 5 and 1 to 2 years period – 10 %. The last category is represented by contracts with duration of 5 years or over 5 years – 9%, or just 1 year – 5 %.
Considering an estimated total for the first half of 2005 of around 1 billion Euro, ALB estimates a total of signed lease contracts valued at € 1.8 – 2 billions for the end of this year and an increase of real estate volume, too. The estimations also consider the entry into Romanian leasing market of new players, some of them being focused on real estate. ALB members estimate a market share of 45% for the end of this year and a segmentation of the leasing market as follows: banking leasing subsidiaries 55%, captive leasing companies 30% and independent leasing companies 15%.
13.09.2005
