Fortis Lease aims for over 5% of the market

Fortis Lease, the leasing division of financial Belgian group Fortis, intends to cover a 5-10% share of the leasing market in Romania, by means of local company Global Finance & Leasing, acquired last year following a transaction worth 4 million euros. “We plan to have an important presence on the Romanian market. In the other markets where we operate we have a share of 5-10% of the leasing market, any lower level meaning that we have to work more to reach the established target,” Phillippe Delva, general manager of Fortis Lease told ZF. He stated one of the reasons prompting Fortis Lease to enter the Romanian market was the demand for leasing services in Romania from the companyes global clients. As for the acquired company, Global Finance & Leasing, Delva says the management team has largely remained the same. “We didnet make so many changes in the management of the company, which is managed by the same person as before. The only difference, since acquisition, is that two former shareholders of Global Finance & Leasing no longer have any role in the companyes management, which is logical as they have sold their stake,” explained Delva.