BCR sees bigger leasing market

BCR Leasing, held by the largest Romanian commercial bank (BCR), closed almost 3,000 financing contracts totalling over 52m euros in H1, four times more than in the year-ago period. The leasing company had more than 5,800 contracts running by June 30, 2003, twice the level posted at the end of last year. According to company officials, the financing value (some 110m euros) almost doubled. “The growth trend is visible for all three categories of goods funded by BCR Leasing – automobiles, utility vehicles and equipment. Automobiles accounted for two thirds of financing, with equipment accounting for one fifth,” said Adrian Alexe, general manager of BCR Leasing. ZF