Conferinta Nationala ALB - Editia I
19 Octobrie 2005
JW Marriott Grand Hotel

Dear Guest,

      With a turnover of over EUR 1.4 billion in 2004, the local leasing market represents more than ~2,5 % of Romania's GDP.
      This makes the industry one of the most important sectors of the entire economic landscape, thus the importance of this event, which is set to discuss major issues concerning the future of the leasing industry.

Yours faithfully,



Planary session
Moderator: Adriana AHCIARLIU, General Secretary ALB
08:30 - 09:00
  Registration & Welcome coffee/tea
09:00 - 09:15

Welcome Speech & Presentation on Leasing Market

  • Why the need for ALB Leasing Conference?
  • History and trends
  • Romanian leasing market figures

09:15 - 09:45
Partea I

Regulation of non banking financial market - pros & contra

Speaker: Speaker:
  • Mr. Tudor BALTA - Member of the Insurance Supervisory Commission
Partea II
  Authorities opinion on the role of leasing as a non banking financial product

  • Leasing - An Investment Tool for Romanian Economy
  • Mr. Eugen NICOLAESCU, Vice-President, Banking & Finance Commission, Chamber of Deputies, Romanian Parliament
  • Mr. Varujan VOSGANIAN, President, Bugdet, Finances, Banks Commission, Romanian Senate
    Open presentation
09:45 - 10:00
Leasing Market versus Banking Market: competition or complementary financial products?

  • Why a bank invests in a leasing subsidiary?
  • Mr. Patrick GELIN, President & CEO of BRD-Groupe Societe Generale
10:00 - 10:30
  Coffee break - offered by INTERAMERICAN
10:45 - 11:45
Legal and tax Framework: history and trends

  • Current tax and legal framework, possible future changes brought by the expected EU harmonization of legislation (especially VAT)
    Open presentation
  • Main differences between financial and operational leasing, fiscal and legal aspects of leasing operations
  • Mr. Daniel ANGHEL, Senior Tax Manager, Head of Indirect Tax Dept., PricewaterhouseCoopers
  • Mr. Richard GROTENDORST, Tax Manager, PricewaterhouseCoopers
  • Ms. Laura LUPUTI, Associate Lawyer, David & Baias
11:45 - 13:00
  Questions and Answers
13:00 - 14:00
  Lunch - offered by BRD-Groupe Societe Generale

Parallel sessions 14:15 - 16:00

Session 1
Real Estate Leasing
Moderator: Mr. Michael UNTERGUGGENBERGER - Administrator, Volksbank Leasing

Real Estate Leasing - Commercial Aspects From Lessee's Perspective

  • General aspects , types of real estate & types of buildings, most frequent questions & answers for real estate

Insurance Aspects & Specific Products


Legal Pragmatic Approach to Sale and Lease Back of Real Properties. A Case Study. Sale & lease back of real property erected on concession land

  • The use of special purpose vehicles
  • Sale & lease back in the cross border context

Fiscal and Accounting Treatment

  • Accounting, profit tax and VAT issues of real estate leasing
  • Differences between leasing operations and rental operations regarding real estate properties
  • Accounting, fiscal - Lessee's Fiscal advantages
  • Mr. Richard GROTENDORST, Tax Manager, PricewaterhouseCoopers
  • Mrs. Diana COROABA, VAT Manager, Indirect Tax Department, PricewaterhouseCoopers
  • Mr. Dan MARINESCU, Senior Consultant, PricewaterhouseCoopers
    Open presentation: Real Estate Leasing
15:20 - 16:00 - Questions & Answers
Session 2
New Product - Full Service Automotive Leasing
Moderator: Mr. Jean Paul DECROCK, President & CEO, BRD Sogelease

Operational Leasing Full Services On The West-European Market - ALD Automotive, Groupe Societe Generale

  • Market perspective of operational leasing
  • ALD automotive market position & long established experience worldwide
  • Adaptive solutions and innovative tools
  • Mr. Yvan HUSSON, Head of International Sales, ALD Automotive, Groupe Societe Generale
    Open presentation

Fiscal Aspects

  • Differences between leasing operations and pure rental operations
  • Accounting and fiscal aspects such as reclassification from operational to financial leasing, depreciation aspects, VAT
  • Mr. Cristian RADULESCU, Assistant Manager, PricewaterhouseCoopers

Legal Aspects


Vehicles Leasing From Supplier Perspective

  • Mrs. Mylene ARDITO, IPSO Renault Romania
    Open presentation

    Sponsor: IPSO Renault Romania

Insurance Aspects & Specific Products

15:20 - 16:00 - Questions & Answers
Session 3
Equipment Leasing
Moderator: Mr. Kerem SEKIZYARALI - General Manager, Finans International Leasing

Equipment Leasing = Investment Tool

  • Main types of equipments - pro and contras to equipment leasing
  • Lessor's risk in equipment leasing

Equipment Leasing - Supplier's Perspective

  • Leasing - a tool for increasing market share for equipment suppliers
  • Buy back - a solution in sharing risk and supporting equipment leasing

Accounting Aspects of Equipment Leasing

  • Amortization per types of equipments and relation to leasing contracts
  • Anticipated depreciation of equipments - pro & contras to leasing

Insurance Aspects & Specific Products

15:20 - 16:00 - Questions & Answers