Motoractive expects 50m-euro contracts

Motoractive leasing company estimates to grant some 50 million euros in funding this year, more than twice the amount granted last year, with the number of contracts expected to grow from 1,300 to 2,500. The company’s general manager Stefan Coroianu said Motoractive’s total assets would reach some 52 million euros, compared with 24.5 million euros in 2003 and the net profit would be of 1.4 million euros. Last year the company concluded 1,300 leasing contracts, 35% more than in 2002, with the funding volume progressing at the same rate to 25 million euros. Turnover went up 58.6% to 532.8bn ROL (more than 14 million euros). Coroianu says the improvement of the results was due to access to competitive financing streams from Romania and from abroad, as well as to the partnerships concluded with the main vehicle vendors throughout the country. The company has about 2,700 active contracts with 2,000 clients. ZF