piaţa de leasing financiar în românia financial leasing ... antoaneta curteanu... · gas, steam...

Source/Sursa: ASOCIATIA SOCIETATILOR FINANCIARE – ALB ROMANIA


1

Asociatia Societatilor Financiare - ALB Romania

The Financial Companies Association – ALB Romania

Piaţa de leasing financiar în România

Financial Leasing Market in Romania

30.09.2013

Antoaneta Curteanu

Presedinte al Asociatiei Societatilor Financiare - ALB Romania



2

Industria de leasing in Europa Centrala si de Sud-Est Q2 2013/ Leasing Industry in

the Central and South-East European countries Q2 2013

Pozitionarea Romaniei in comparatie cu tarile din Europa Centrala si de Sud-Est/

Romania’s position compared to the Central and South-East European countries

MLN EUR



3

Economia Romaneasca 2013/Romanian Economy 2013

In asteptarea investitiilor majore/ Looking for major investments

Industrial production was 7% higher as of September 2013.

The increase was sustained by manufacturing (+8.5%) and

mining (+3.2%). The production and supply of electricity,

gas, steam and air conditioning decreased by 3.9%.

Construction works decreased by 0.1%, generated

exclusively by the decrease of new constructions (-10.4%).

On types, only the engineering constructions (i.e.

infrastructure) met an downward trend of -2.5%, while

residential works increased 13.1%. (INSSE – Press releases November 2013)

46.50%

2.40%

36.80%

9.20%5.10%

Industry

Agriculture

Trade/Services

Construction

Others

Structure of the investments in the main areas

ECONOMIC ACTIVITY 2009 2010 2011 2012 2013f 2014f

GDP (EUR bn) 118.3 124.4 131.4 131.8 142.6 151.9

Population (mn) 21.5 21.5 21.4 21.4 20.0 20.0

GDP per capita (EUR) 5501 5786 6139 6161 7115 7596

Real Economy yoy (%)

GDP -6.6 -1.1 2.2 0.7 2.1 1.9

Private Consumption -9.1 0.2 1.1 1.1 0.2 0.8

Fixed Investment -28.1 -1.8 7.3 4.9 -3.9 2.8

Public Consumption 9.5 -13.7 -0.3 2.4 -0.4 1.0

Exports -6.4 13.2 10.3 -3.0 8.0 4.6

Imports -20.5 11.1 10.0 -0.9 -0.2 3.8

Monthly wage, nominal (EUR) 326 334 348 347 367 388

Unemployment rate (%) 6.9 7.3 7.4 7.0 7.3 7.2



4

Evolutia Pietei de Leasing Financiar (cresteri anuale)/Financial Leasing Market

Evolution (annual growth rates)

Usoara scadere pastrand proportiile anului trecut / Light decrease maintaining

last year product split

1,008 780

4,170

1,079 921

3,449

832

2,375

2,992

686 490 649 654 580

806

876

210

176

268 234 215

269

303

183 115

91 33 36

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

30.09.2007 30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 30.09.2013

Vehicles/Vehicule Equipment/Echipamente Real Estate/Imobiliar

MLN EUR



5

Septembrie 2013 - Piata de Leasing Financiar din Romania / Leasing Market

Romania

Contributie importanta a segmentului auto/Important contribution of Vehicles in total

€832 million

Vehicle Financing Finantarea Vehiculelor

Equipment Finantarea echipamentelor

Real – Estate Finantarea bunurilor

imobiliare 70%

4%

26%



6

Piata de Leasing Financiar in Romania - Ponderea segmentelor in Total Finantari

Romanian Financial Leasing Market - Weight per Good Segment

Finantarile de Real Estate in leasing pastreaza un minim istoric

The real estate sector keeps a historical minimum

2.339 3.449 4.170 1.079 780 1.008 832

76% 69% 72%

64% 63% 64% 71% 70%

20%

23% 21%

19% 22% 27%

25% 26%

4% 8% 7% 17% 15%

9% 4% 4%

30.09.2006 30.09.2007 30.09.2008 30.09.2009 30.09.2010 30.09.2011 30.09.2012 30.09.2013

Vehicles/Vehicule Equipment/Echipamente Real Estate/Imobiliar

921

MLN EUR

MLN EUR



7

Piata de Leasing Financiar din Romania dupa Categoria Utilizatorului

Romanian Financial Leasing Market Structure by Customer Type

Beneficiarii traditionali ai produsului leasing – Companiile/ The most important

Lessee is represented by Companies

CORPOR

ATE /

COMPAN

II

RETAIL /

RETAIL

PUBLIC

/

PUBLIC

CORPOR

ATE /

COMPAN

II

RETAIL /

RETAIL

PUBLIC

/

PUBLIC

CORPOR

ATE /

COMPAN

II

RETAIL /

RETAIL

PUBLIC

/

PUBLIC

30.09.2011 30.09.2012 30.09.2013

Real Estate/Imobiliar 86,334 215 170 30,651 264 0 30,958 264 0

Equipment/Echipamente 252,512 2,294 1,440 205,810 9,842 2,961 188,982 4,067 1,050

Vehicles/Vehicule 557,956 26,973 1,635 538,976 80,238 1,912 506,981 16,905 1,784

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

3% 0%

10%

89%

1%

97%

3% 0%

97%

CORPORATE RETAIL

CORPORATE

CORPORATE RETAIL RETAIL PUBLIC PUBLIC PUBLIC



8

Piata de Leasing Financiar din Romania dupa Durata Contractului

Romanian Financial Leasing Market Structure by Duration of Contract

Interes in crestere pentru finantarile pe termen mediu

Increasing preference for medium term contracts

5%

12%

22%

23%24%

10%

4%4%

9%

20%

25%

28%

10%

4%

0%

5%

10%

15%

20%

25%

30%

1 YEAR / 1 AN 1-2 YEARS / 1-2ANI

2-3 YEARS / 2-3ANI

3-4 YEARS / 3-4ANI

4-5 YEARS / 4-5ANI

5-7 YEARS / 5-7ANI

7-15 YEARS / 7-15ANI

30.09.2012

30.09.2013



9

Piata de Leasing din Romania (Echipamente si Vehicule) dupa Tipul Achizitiei

Romanian Leasing Market (Equipment and Vehicles) Structure by Acquisition

Type

New/Noi

Used/Se

cond

Hand

New/Noi

Used/Se

cond

Hand

New/Noi

Used/Se

cond

Hand

New/Noi

Used/Se

cond

Hand

30.09.2010 30.09.2011 30.09.2012 30.09.2013

Equipment/ Echipamente 118,204 41,193 227,189 29,890 188,742 32,312 180,200 22,481

Vehicles/ Vehicule 347,793 102,597 480,605 105,124 530,665 113,021 460,646 103,957

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

76%

24% 16%

84% 87%

13%

84%

16%

New Second Hand New

Second Hand

New Second Hand

New Second Hand



10

Piata de Leasing Financiar din Romania - Finantarea Vehiculelor/ Romanian

Financial Leasing Market - Vehicle Financing

57%

16%

25%

2%

54%

14%

30%

2%

59%

12%

29%

0%

55%

15%

28%

2%

0%

10%

20%

30%

40%

50%

60%

70%

PASSENGERS CARS/ Autoturisme LIGHT COMMERCIALS / Vehicule

Comerciale Usoare

HEAVY COMMERCIALS/ Vehicule

Comerciale Grele

OTHERS/Alte vehicule

30.09.2010 30.09.2011 30.09.2012 30.09.2013



11

Piata de leasing din Romania - Finantarea Echipamentelor

Romanian Leasing Market - Equipment Financing

Agricultura, industria prelucrarii lemnului si car service sunt in crestere

Agriculture, wood industry and car service record increase

3%

2%

1%

1%

0%

2%

4%

2%

3%

12%

0%

4%

5%

13%

30%

18%

4%

2%

3%

2%

1%

4%

4%

4%

3%

9%

1%

3%

6%

14%

16%

24%

0% 20% 40% 60% 80% 100%

Altele/ Others

Echipamente de printat/ Printing & Packaging

Industria petroliera/ Pentrolium & derivates

Plastic and Rubber/ plastics & Rubber

Mobilier/ Furniture

Ind. Prelucrarii lemnului/ Wood procesing

Stivuitoare/ Forklift

Car Service/ Car Services

Office + IT

Industria Metalurgica/ Metal Processing

Industria Chimica/ Chemical Industry

Echipamente Medicale/ Medical Equipments

Industria Alimentara/ Food & bevarage

Electronice/ Electrical devices

Constuctii/ Construction

Agricultura/ Agriculture

30.09.2012 30.09.2013



Impactul Cadrului Legislativ asupra Industriei de Leasing

The Impact of the Legislative Frame on Leasing Industry

Modificarile legislative din 2013 nu au adus beneficii industriei leasingului

2013 Amendments of the legal frame have not brought any benefits to the leasing industry

12

Implemented supplementary restrictions to SME fx lending. SME lending decreased

even more than expected, while the Ron lending showed no emprovement

NBR Regulation no. 17/2012

regarding certain lending

conditions

The Environmental Tax

(formerly known as the

Pollution Tax).

The increased bureaucracy impacted new leasing businees, especially the “second

hand” vehicles leasing.

Moreover, this tax will be payable by the lessees also at the end of leasing. This

“retroactive” taxation will encourage lessees to “opt out ” when they learn that the tax

might by higher than the residual value

Government Emergency

Ordinance no. 57/2013

regarding the amendment of the

green certificates law

The energy produced by photovoltaic plants located on lands that as of 01.01.2014

are within the agricultural domain, will no longer benefit from the green certificates.

This provision shall send investors into bankruptcy and induce huge losses to lenders

who financed projects located on lands such as “pasune, faneata”, whereas owners

are not allowed any longer to remove such plots of lands from agricultural domain

New Insolvency Code (currently

suspended as per the

Constitutional Court’s decision)

According to art. 105 (4) of this code, the leasing company is obligated to accept

the transfer of ownership of the leased asset to the insolvent lessee, provided the

insolvent lessee pays only its current debts (invoices becoming due upon the debtor’s

insolvency opening), even though the insolvent debtor does not pay the amounts

due before the debtor went into insolvency.



Misiunea Industriei de Leasing in Anii Urmatori

Leasing Industry Mission in the Future

Adapt, Innovate and Win

13

To use the hard-won battle scars of the economic crisis

to be more forward-thinking and make improvements

to our business efficiency and effectiveness.

It is our mission to attract talented, strong people

and offers them good growth opportunities

To offer to our customers full wing-to-wing capacity

to get information, apply, get decisions, sign

documents in line with the new technological reality

Those that are adapting and innovating to these shifting concerns are the

ones who are going to win in the long run!

Thank You!

piaţa de leasing financiar în românia financial leasing ... antoaneta curteanu... · gas, steam...

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