BCR Leasing reports 7.7m-euro gross profit

BCR Leasing, the financial leasing company held by the BCR (Banca Comerciala Romana), has posted a gross profit of 27 million RON (7.7 million euros) last year, up 35% on 2005. The non-bank financial institution closed contracts worth 355 million euros last year, 50% more than in 2005. In 2006, the company focused on real estate and equipment leasing, two of the most dynamic segments on the market. The contribution of the two segments to BCR Leasing’s total business climbed 27%, from 18% in 2005. Return on assets and the return on equity (ROA and ROE) registered by BCR Leasing in 2006 stood at 1.9% and 48.2%, respectively. BCR Leasing expects to see a higher growth rate in comparison with the total leasing market, to consolidate the approximately 11% market share it estimated for 2006. Car funding continues to dominate BCR Leasing business, although the level of funding witnessed a decline by four percentage points in 2006, to 57%.