Construction boom boosts equipment leasing

The construction and industrial sectors continue to be the drivers of the equipment leasing market and account for 92% of the total funding granted in the first half of the year, according to data from the Association of Financial Companies in Romania (ALB). Compared with the same time last year, the share of these two sectors in the overall equipment leasing market climbed 11%. In the first half of the year, funding granted by leasing companies for the acquisition of equipment amounted to 647.4 million euros, up 36% against the same time last year. The dynamics of this leasing sector slowed down, from a 61% rise in the first six months of 2007. Out of all equipment funding, the bulk, i.e. 56% was contracted by companies in the constructions sector, with the industrial sector being next, with 36% of the funding.