Romstal Leasing takes loan from Raiffeisen Bank

Romstal Leasing has contracted a loan worth ten million euros from Raiffeisen Bank Romania, which will be used to expand the company”s activity, stated Ionut Chirila, marketing director of the company. The company continues its territorial expansion this year and intends to add 20 units to its network, up from its current 15 units. Romstal Leasing financed 885 contracts worth 24.4 million euros in the first three months of the year, twice the number posted in the corresponding period of last year. Romstal Leasing targets at least 25% increase against last year, aiming at a funding volume of 90 million euros. In 2005, the company funded over 2,800 leasing contracts worth a total 72 million euros (VAT not included), accounting for a 78% increase against the previous year. Consequently, turnover went up more than 70% last year, reaching 40.7 million euros. ZF