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Jan 14, 2021 04:57
3 yrs ago
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Spanish term

instituciones financieras no bancarias (IFNB) de arrendamiento

Spanish to English Bus/Financial Finance (general) Stock and debt market
Los sectores que continuarán favorecidos serán: consumo básico, manufactura y bancario. Por su parte, los sectores que ubicamos con riesgo moderado son: instituciones financieras no bancarias (IFNB) de arrendamiento y del sector automotriz, al mantener sus calificaciones y sólidos niveles crediticios,
Proposed translations (English)
3 +6 nonbank financial institutions (NBFIs) in the field of leasing
4 +2 non-banking finance leasing institutions / 'NBFLI' /
References
IFNB

Proposed translations

+6
7 mins
Selected

nonbank financial institutions (NBFIs) in the field of leasing

"Nonbank financial companies (NBFCs), also known as nonbank financial institutions (NBFIs) are entities that provide certain bank-like and financial services but do not hold a banking license."
https://www.investopedia.com/terms/n/nbfcs.asp#:~:text=Key T...

The trickier part here is "de arrendamiento", and possible translations might be "in the field/area of leasing" or "engaged in leasing".
Peer comment(s):
agree Shilpa Baliga : "involved in leasing"?
2 hrs
Thanks, Shilpa.
agree Steven Huddleston
4 hrs
Thanks, Steven.
agree Sergio Kot : Non-Bank Financial Institutions
4 hrs
Thanks, Sergio.
agree Ana Vozone : Also, non-banking financial companies. https://www.investopedia.com/terms/n/nbfcs.asp
5 hrs
Thanks, Ana, yes, that's actually mentioned in my answer.
agree AllegroTrans
9 hrs
Thanks, Chris.
agree Luis M. Sosa
9 hrs
Thanks, Luis.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
+2
8 hrs

non-banking finance leasing institutions / 'NBFLI' /

HP - hire purchase coupled with an option to buy at the end - used to be prevalent in the UK in the 1950s and 1960s e.g. for purchases of push-bikes on an HP BrE instalment or AmE installment payment book and until credit sales had been introduced as a term of art in the Consumer Credit Act 1974.

Finance leases then came in with International Financial Reporting Standards for larger items of equipment, like aircraft and boats.

My acronym or abbreviation of NBFLI is for reference only.
Example sentence:

Non-Banking Financial Institutions focus on financial transactions other than traditional banking and include: microfinance, leasing, and private equity.

Following the GAAP accounting point of view, such a lease is classified as essentially equivalent to a purchase by the lessee and is capitalized on the lessee's balance sheet. See Statement of Financial Accounting Standards No. 13 (FAS 13) for more detail

Reference:

http://en.wikipedia.org/wiki/Finance_lease

Peer comment(s):
agree AllegroTrans
20 mins
agree Ruth Rubina : non-banking financial leasing institutions
9 hrs
neutral Robert Carter : Thought about "financial leasing" myself at first, but I don't think it means finance leasing only, as what comes after IFNB is "de arrendamiento y del sector automotriz". "Finance leasing" is "arrendamiento financiero" in Spanish.
14 hrs
Something went wrong...

Reference comments

4 hrs
Reference:

IFNB

See ref.
Reference:

https://www.acronymfinder.com/Instituciones-Financieras-No-Bancarias-(Spanish%3a-Non_Bank-Financial-Institutions%3b-economics)-(IFNB).html

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