International Leasing, a company owned by Ioana Necula, has sealed contracts worth 24 million euros last year, whereas funding, the main indicator of a leasing company, tops 15.6 million euros, up some 10% from 2005.
"The highest turnover was derived in the last three months of the year, with October being the month when funding for leasing contracts topped 2 million euros for the first time," said Toni Tataru, chief executive officer of the company.
The fact that the company had to prepare to meet NBR's regulations, that it became an IFN (non-banking financial institution) and that it gave up the operating leasing over the first half of last year - these were the factors behind last year's only 10% growth pace.
"Before turning into a non-banking financial institution, our portfolio comprised financial leasing, 60% and operating leasing, 40%. When we gave up the operating leasing, we saw a certain increase on the financial leasing segment, although we did lose part of our clients," Tataru added.
Car leasing, which the company provided until last spring, especially through the operating leasing products, saw a downturn in 2006 from 80% to 70% of the 25 million-euro funding.
"The share held by the car funding sector in our portfolio has shrunk, possibly even below the market, because we focused on equipment funding, especially medical equipment," said Tataru. Equipment leasing accounts for 23% of the company's loans, while the real estate leasing has a 6.9% share.
The company estimates the value of funding will triple to 50 million euros in 2007.
"We are ready for the amount of 50 million euros this year, because in 2006 we took steps for consolidation and administration, which will result into an improved performance," says the general manager of International Leasing.
International Leasing, a company owned by Ioana Necu
