NBFI market reaches 6.4bn euros - Azi

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The market of non-bank financial institutions (NBFIs), which includes consumer finance and leasing companies, amounted to 23 billion RON (almost 6.4 billion euros) last year, according to the Financial Stability Report released by the NBR (National Bank of Romania).Financing granted by NBFIs accounts for 13% of all credits granted, the banking system included.

The overall volume of credits amounted to 172 billion RON (47.6 billion euros).Financial leasing accounts for the bulk (82%) of overall...

Read the whole story in: Ziarul Financiar