Raiffeisen Leasing heading for 100m euros

Raiffeisen Leasing concluded 86.8 million euros in funding contracts in the first nine months of this year. Full-year estimates point to an amount of 100 million euros. “Early in 2004 we estimated 80 million euro in contracts. We had already exceeded that forecast by the end of September, when total contracts amounted to 86.8 million euros,” stated chairman Bernd Kuenzel. The estimated 100 million euros for this year would allow Raiffeisen Leasing to double the value of its contracts from the 52 million euros of last year, which put it among the top five players on the market. “The dynamic evolution of our turnover is closely related to growth in the automotive segment, which was reflected in the business of all players on the leasing market,” explained Mihaela Mateescu, Raiffeisen Leasing’s sales manager. She added that the business generated by the 16 offices opened outside Bucharest had come to account for two thirds of the total value of the contracts concluded. ZF