Porsche financial group's business climbs by 20%

Porsche Bank financial group granted funding worth 140 million euros for the acquisition of vehicles imported by Porsche Romania in the first six months of the year, an increase of 20% against the same time last year. The financing unit of the Austrians granted funding for the overall acquisition of 11,738 vehicles from the Volkswagen, Skoda, Audi, Seat and Porsche ranges. This accounts for more than a third of the total vehicles sold by Porsche Romania. The number of vehicles funded increased by 10% against the first six months of 2006. Financial group Porsche’s Romanian operations consist of a financial leasing company, a bank specialised in car funding, an insurance broker and an operational leasing company, which provides fleet management and car rental services (Porsche Mobility). Over 11,000 of the cars financed by the financial group Porsche were sold through four-year leasing contracts. Almost half the Skoda cars sold and 38% of the Volkswagens were funded through leasing.