10m-euro increase in Romstal Leasing's line of credit

Officials of Romstal Leasing, the biggest independent leasing company left after the sale of Motoractive, have announced they intend to increase their line of credit arranged under the framework crediting agreement closed with the BCR, by 10 million euros, according to information published in the Official Gazette. This increase is needed for the company to conduct leasing activities. Romstal Leasing signed 2,900 contracts worth 85.6 million euros in the first eight months of the year, surpassing the total value of contracts closed last year, worth just 72 million euros. In 2005, the company posted a turnover worth 40.7 million euros. Romstal Leasing closed over 2,900 contracts in the first eight months, worth a total 85.6 million euros, a 110% increase against the same period of the previous year.