Tiriac Leasing, 164m-euro financing after 9 months

Tiriac Leasing, a member of Tiriac Holdings group, granted financing worth 164 million euros in the first nine months of the year, up 44% against the same time last year. Financing for the acquisition of vehicles accounts for about 90% of the contracts closed by the company, while 10% goes to industrial equipment purchase contracts. Against the first nine months of 2006, the company registered a slight increase on the segment of financing for equipment – a trend that characterised the whole market. The number of contracts closed by Tiriac Leasing in this period stood at over 5,600. The company intends to take out a 2 million-euro credit from Banca Romaneasca to finance leasing contracts, according to a recent announcement published in the Official Gazette. In 2006, Tiriac was the seventh largest leasing company on the market, with total goods financed worth 152.7 million euros, almost double compared with the previous year.