The Romanian arm of Turkish bank Garanti Group, Garanti Leasing, grew its new financing by 36.2m or 64% year-on-year in the first half of 2014 according to reports coming from the country.
64% of the assets funded in the period were vehicles, 30% was equipment finance and 6% was real estate.
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This was slightly different from Garanti’s current portfolio ratio of 49% vehicles, 37% equipment and 14% real estate.
Okan Yurtsever was quoted as saying; "We expect a continuous increase of our activity in the months to come, continuing to finance projects both for the SMEs and for the public sector. Our strategy is to have a healthy development, growing our market share in a sustainable manner, as well as diversifying our portfolio of financed assets."
Overall the Romanian leasing market grew 22% year-on-year to 664m in the first half of 2014.
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