New lease contract receivables increase by 21.6% YoY, up 46.2% QoQ in Q2’15

New lease contract receivables reached BGN 399m in Q2’15 (+21.6% YoY), BNB statistics showed. The increase on a quarterly basis is 46.2%. The outstanding lease portfolio registered a 3.35% QoQ increase to BGN 3.25bn (3.9% of GDP*) at the end of June 2015. The portfolio contracted by 2.68% on an annual basis. Delinquency rate was slightly down to 20.5%, from 22.4% at the end of Q1. Financial lease share in the total lease portfolio stood at 97.5%. Machines, facilities and industrial equipment made up 25.3% of the market. Car leasing's share came at 28.8% of the total market. Together with trucks, cars made up 56.8% of the portfolio as of Q2'15. *2015 GDPe at BGN 83.965bn – BNB estimate