EFG Leasing targets 300m-euro business

EFG Leasing, a member of the Greek financial group EFG Eurobank – the owner of Bancpost – estimates it will grant funding worth 300 million euros in 2008, double against the sum expected for this year, of 145 million euros. “We will continue to promote real estate leasing by allowing more types of buildings to be eligible for funding, by expanding the funding for construction and industrial equipment, especially through partnerships with renowned suppliers, and will also introduce a new product, funding for small companies and for individuals,” said company officials. EFG Leasing was set up last year. In the first ten months of this year, the company granted funding worth 119.6 million euros, up 68% against the same time last year. The company had closed over 1,300 contracts by end of October, with the total value of these contracts standing at 144.6 million euros, up 77% against the value of contracts closed in the first ten months of last year. “The increase in the company’s business is mainly due to the constant activity of its direct sales force, and the company targeting clients with a high growth potential and focusing on sectors with significant economic growth,” explained company representatives.