Constructions sector dominates equipment leasing

The constructions sector dominated the market of equipment leasing and accounted for 37% of the overall funding granted in 2007, indicates data from ALB (Leasing and Non-Bank Financial Companies) and ASLR (The Association of Leasing Companies in Romania). Equipment leasing accounted for 21% of the market last year, i.e. 974 million euros. A long way behind constructions is IT and software-related funding, followed by the metallurgic industry (8%), car servicing (7%), the food industry (6%), the medical sector (6%), the printing industry (5%), with the remaining 14% of equipment funding allocated to other sectors. Last year, the leasing market was dominated by vehicle funding, which accounted for 70% of the overall market and according to the leasing associations is worth 3.27 billion euros. This sum was distributed as follows: car funding – 52%, funding of heavy commercial vehicles – 30%, funding for light commercial vehicles – 16%, and 2% for the acquisition of other types of vehicles.