Arval sees operational leasing market at one billion euros

Arval operational leasing firm, a unit of BNP Paribas French group, expects the domestic operational leasing market to rise by 10% in 2010 and thus reach almost 1bn euros. At the same time, Arval estimates demand for operational leasing services will continue to rise, with around 63% of companies with more than 1,000 employees due to prefer this system to other financing services. “At this moment, we can estimate 2010 will be a year of stability for Romania’s operational leasing market, with an increase of 10% at the highest. This will happen provided the crisis does not deepen,” stated Anault Leglaye, general manager of Arval Romania. The company in early 2009 expected its turnover to double domestically, to 17m euros. The fleet managed in Romania includes 2,300 cars.