52.2m-euro business for Romstal Leasing

Romstal Leasing closed over 1,700 contracts worth a total 52.2 million euros in the first five months, 140% more than in the similar period of last year, stated the company”s marketing director, Ionut Chirila. In May, the company signed 480 leasing contracts, which totalled 15 million euros. The “instant” leasing contracts, which entail that the requested funding is granted within a very short period of time and with minimum paperwork, accounted for some 7% of the total funding provided in the January-May period. “We intend to develop this product so that instant leasing would account for a 15% share of the total of Romstal Leasing funding,” said Chirila. Light and heavy vehicles are the object of most leasing contracts in the company”s portfolio, accounting for 47% of the total funding, while cars account for 42% of it. Equipment holds a 5% share in the portfolio, being followed by buildings – 3.5% and motorcycles – 2.5%. ZF