Credit Europe Leasing increases capitalby 8.2m euros

Credit Europe Leasing IFN, the leasing division of financial group Credit Europe, has increased its share capital by 8.2 million euros, following the 160% increase in the volume of funding granted in 2006, which totalled 120 million euros. The leasing company decided to increase its share capital because it is necessary for all leasing companies registered in the Special Register of Non-Bank Financial Institutions (NBFIs) to balance their share capital with their volume of funding, under the legislation imposed by the National Bank of Romania. “This is the first and most significant share capital increase seen after the rebranding process of Finans International Leasing IFN to Credit Europe Leasing IFN,” company representatives stated in a press release. The non-bank institution had to change its name after Finansbank Turkey and the Finans brand were taken over by the National Bank of Greece last year.