the Romanian subsidiary of Banca Comerciala Romana, for the first
time exceeded €0.5bn, largely on the back of increased investment
in the vehicles and real estate sectors.
Its car leasing business, despite representing 44 per cent of
its total portfolio, saw a drop of 14 per cent in new business,
largely as a result of the lessor’s efforts to focus on more
buoyant markets.
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Its biggest growth sector was real estate, growing 7 per cent
against 1 per cent during 2006. While commercial vehicles business
increased 10 per cent, this compares with a 16 per cent growth the
year before.
The company said its new focus on real estate and commercial
vehicles reflected “the company’s orientation towards covering the
demand for investments in the logistics, real estate and
transportation sectors”.
New contracts during 2007 rose 37 per cent to reach €510m, while
it plans in 2008 to boost its market share to 10.5 per cent.
It expects new growth to be driven by cross-selling through its
parent bank, Banca Comerciala Romana, Romania’s largest bank by
assets. Austria’s Erste Bank, which acquired a majority stake in
the Italian bank in October 2006, is due to start trading on the
Bucharest Stock Exchange (BVB) on February 14.
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By GlobalDataEarlier this month BCR Leasing launched a new web portal which
enables its clients to view their day to day leasing contract
status, and also print their last six issued invoices.
