TBI Leasing, 2,500 contracts in six months

In the first six months, TBI Leasing closed some 2,500 contracts, with a value of funded goods standing at 31.5 million euros without tax, witnessing a 22.5% increase against a similar period of last year, said the company’s sales manager, Laurentiu Levandovschi. “The improvement in funding products, the development of our new products and the expansion of our sales network are factors that have contributed to this increase,” said Levandovschi. The results we posted in the first six months are in line with the budget set at the beginning of the year, with company officials estimating they will sign contracts worth a total 90 million euros by the end of 2006, a 50% increase against the level seen last year. The company’s portfolio is dominated by leasing of new cars (54%). Equipment accounts for 27% of the total number of contracts closed, second-hand vehicles cumulate 11%, while 8% go to real estate leasing. “TBI’s market share in Romania’s leasing market is 2.3% and 16% among independent leasing companies,” said the sales manager.