Germany’s Grenkeleasing expects to
expand again this year, forecasting a significant growth in new
business and profits.

Grenkeleasing’s deputy chairman Uwe Hack
said in the first quarter of 2010 the group, including franchise
partners, increased new business by 26.6%.

“Overall, we are assuming a consolidated
profit of €25m to €28m will be generated in 2010,” he said.

The IT lessor distributed a €0.60 per share
dividend, equal to previous year’s levels – totalling €8.2m.