New lease contract receivables increase by 4.4% YoY, down 21% QoQ in Q1’15

New lease contract receivables reached BGN 273m in Q1’15 (+4.4% YoY), BNB statistics showed. The drop on a quarterly basis was 21%. The outstanding lease portfolio registered a 0.6% QoQ increase to BGN 3.1bn (3.8% of GDP*) at the end of March 2015. The portfolio contracted by 4.8% on an annual basis. Delinquency rate was slightly down to 22.4%, from 22.5% at the end of 2014. Financial lease share in the total lease portfolio stood at 97%. Machines, facilities and industrial equipment made up 25.6% of the market. Car leasing's share came at 27.9% of the total market. Together with trucks, cars made up 55.7% of the portfolio as of Q1'15. *2015 GDPe at €42.67bn – BNB estimate