The impact of the financial crisis will be felt on the operational leasing market via an increase in liquidity costs, all the more since the leading players on the Romanian market are subsidiaries of large European and international companies, says Arnault Leglaye, general manager of Arval Romania, a subsidiary of French group BNP Paribas. "In two years' time, three or four sizeable international players will be left on the market, which will have managed to pull through the liquidity crisis. I would say the current crisis is an opportunity for the big, international operational leasing companies to consolidate their businesses, rather than smaller players." Arval forecasts turnover worth 9 million euros this year on the Romanian market, over ten times more than results reported in 2007.
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