Romstal Leasing aims for 30% growth

Romstal Leasing, controlled by Belgian-based KBC Lease, plans to grant funding worth 275m euros this year and seal 7,500 contracts. Compared with last year, funding could climb by 30%. The market share is therefore expected to reach 4.6%, higher than the 4.2%, estimated in December. In 2007, Romstal Leasing granted funding worth 211m euros, up 49% against the previous year. Company representatives estimate the firm exceeded the market growth rate, and put the sector’s average growth rate at 32%. “We witnessed a high increase last year partly due to the territorial expansion of our network to 32 offices, and partly due to more relaxed funding requirements along our most important product categories,” said Ionut Chirica, marketing manager of Romstal Leasing.