instituciones financieras no bancarias (IFNB) de arrendamiento

English translation: nonbank financial institutions (NBFIs) in the field of leasing

04:57 Jan 14, 2021
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Stock and debt market
Spanish term or phrase: instituciones financieras no bancarias (IFNB) de arrendamiento
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,
lopatita
English translation:nonbank financial institutions (NBFIs) in the field of leasing
Explanation:
"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".
Selected response from:

Robert Carter
Mexico
Local time: 02:50
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +6nonbank financial institutions (NBFIs) in the field of leasing
Robert Carter
4 +2non-banking finance leasing institutions / 'NBFLI' /
Adrian MM.
Summary of reference entries provided
IFNB
Sergio Kot

  

Answers


7 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +6
nonbank financial institutions (NBFIs) in the field of leasing


Explanation:
"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".

Robert Carter
Mexico
Local time: 02:50
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 288
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
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.
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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
non-banking finance leasing institutions / 'NBFLI' /


Explanation:
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(s):
  • 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
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 139

Peer comments on this answer (and responses from the answerer)
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
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Reference comments


4 hrs
Reference: IFNB

Reference information:
See ref.


    https://www.acronymfinder.com/Instituciones-Financieras-No-Bancarias-(Spanish%3a-Non_Bank-Financial-Institutions%3b-economics)-(IFNB).html
Sergio Kot
Israel
Works in field
Native speaker of: Native in HebrewHebrew, Native in SpanishSpanish
PRO pts in category: 28
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