Italo-Romena makes 1.5m euros from leasing

Italo-Romena Leasing IFN, a member of the Veneto Banca group, posted an approximately five million RON (1.5 million-euro) net profit last year, up 176% against the level seen in 2005, and an 18.49 million-RON turnover, stated Dan Stoica, vice-president of the company. The company funded goods worth around 40 million euros in the first four months of this year, which accounts for half the volume in the whole of last year. For 2007, company representatives estimate a 74.5% increase in the volume of funded goods, to 120 million euros, whilst the value of the contracts (which includes the value of the goods, the interests and the fees) could climb to 157 million euros, from some 94 million euros last year.