2010 “could bring stability” – Romanian lessors
Romanian lessors expect that leasing levels will at best remain flat in 2010, according to the country’s leading lessors.
The Romanian leasing association, ALB, estimates the Romanian leasing market will reach €1.25 billion this year. This figure is substantially down – by 74 percent – on 2008, when the value of financed assets totalled €4.8 billion.
Mihaela Mateescu, general manager for Raiffeisen Leasing in Romania, said that it would take time before the market returns to the levels hit in 2007 and 2008; but that the second half of 2010 could bring more stability and predictability in the market.
Leasing companies will continue to face problems in the first half of 2010, however, Mateescu said.
Although in the best case scenario Romanian lessors expect the market to be flat next year, it is more likely to continue to decline slightly, figures show.
Jason T Hesse
Leasing Life Issue: 194 - November 09
Published for the web: November 25 09 11:21
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