73m euros for BCR Leasing

BCR Leasing concluded more than 4,100 financing contracts worth approximately 73 million euros in the first nine months of the year, which accounts for nearly 50% growth from the same time in 2002. “BCR Leasing’s market share on the domestic financial leasing segment currently reaches 8.2%. We estimate our core business to grow by at least 15% from 2002 and our market share to go beyond 10%,” said Claudiu Stanescu, BCR Leasing’s general manager. BCR Leasing anticipates 10% annual growth for the core business throughout 2005-2007 compared with 2004, as well as attaining the same market share as its majority shareholder Banca Comerciala Rom=na (Romanian Commercial Bank – BCR), 30%. Cars account for 71% of the leasing contracts, followed by utility vehicles – 15%. Equipment, on the other hand, has become the object of more contracts than before, accounting for 14% of the total financing. ZF