Construction boom boosts equipment leasing

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Construction and industrial sectors continue to be the engines of the equipment leasing market and account for 92% of the total funding granted in the first half of the year, reveal data by 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 grew by 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 constructions companies, with the industrial sector coming next, with 36% of the funding.
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