Leasing of equipment and construction materials look like the most profitable segments on the profile market in 2009, according to leasing market representatives.
“I think that the leasing market, given the current market conditions, will turn back to business fundamentals, to a better business management. I think that in the future products dedicated to certain segments will appear, such as infrastructure, expected to turn out as leasing companies’ main business”, said Dan Bunea, manager of consultancy DTD Team and former BCR vice-president, on the occasion of the Gala of Top Leasing Companies.
He pointed out that, in spite of the leasing market passing through difficult moments due to the blockage on the real estate leasing segment, more the market declines, more the chances of a recovery increase.
“I think that leasing opportunities are huge in the future because, when banks are confronted with problems, leasing can take advantage on the condition it goes back to the basic model, with a higher capitalization degree”, said Bunea.
Market representatives did not shun out the likelihood of some mergers and acquisitions on the leasing market in Romania, in 2009.
“Currently, there are two leasing company types, those providing financing and the others which expect financing. The first ones are advantaged because they can take over share markets and clients. At present, there are no bankruptcies in sight”, said Adriana Ahciarliu, general secretary of the Association of Leasing and Non-banking Financial Services in Romania.
The leasing companies in Romania have been awarded at the start of this week, on the occasion of the first edition of the Top Leasing Companies Gala.
Award recipients included Uncredit Leasing for the largest leasing company in the system, Porsche Leasing, the award for the largest auto financier in the system, Credit Europe Leasing, the award for the largest real estate financier, Eurial Leasing and BRD Sogelease, for the best balanced portfolio.
The leasing market will rise 15% in 2008 compared to last year, to 5.5-5.7 billion euros, growth mainly achieved in the first half of the year.
“The market is to rise 15% this year, a growth based on the first six months because in the second half of the year we saw a stagnation on the financial leasing market, mainly on the auto market, as well as a blockage of the real estate leasing”, said Adriana Ahciarliu.
She emphasized that the auto leasing recorded a stagnation in the second part of the year and the real estate market was blocked almost throughout 2008, the market waiting for a price redress.
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