Finans Leasing reaches 50m euros

Finans International Leasing expects full-year funding to reach 50 million euros, 40% more than last year, now that it has increased its line of funding following its takeover by FinansBank Holland, and increased automotive funding. “The change of the shareholder structure in March by an increase in the stake of FinansBank Holland NV to 99% allowed us to boost our funding line. At the same time, we introduced an instant approval product for vehicle funding as of September, which is available for clients who make a down payment of between 30% and 50%,” stated Ana Belu, deputy marketing manager of Finans Leasing. The company funded nearly 1,250 contracts worth 39.65 million euros in the first eleven months of this year. The funding of equipment leasing increased by 15%, funding for vehicle leasing went up by 16% and real estate leasing funding rose by 140%. Vehicle leasing accounts for 51% of the total funding, equipment leasing accounts for 42%, while real estate leasing reached 7% of the total company”s portfolio. ZF