Higher costs for credits and leasing

Turbulent motions in the financial international world also affected our market last month, not only at the reference exchange or the stock index: the experts have also given warnings that the general trend is to raise the capital’s price, which means higher costs for credits and leasing.

The National Bank’s efforts to moderate the devaluation of the Romanian currency by increasing the reference rate to attract the liquidity on the market represent enough reasons for the private banks to increase the rates on credits.

At the same time, the costs increase for the refinancing on the external markets made the leasing companies raise their rates also. According to Unicredit Leasing, while last year the average rate for the leasing contracts was of 7, 5%, in the next months the 8% will be reached, and by the end of the year it is estimated that the 8,5% threshold to be reached. With a view to the auto leasing, the rates might even overcome the 8-8,5% level in the first half of the year.