financed goods
The leasing arm of Banca Comerciala Romana (BCR), Romania’s largest
bank by assets, reported the purchase of goods worth €291m in the
first half of 2008, up 65 per cent year-on-year.
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Commercial vehicles made up 44 per cent of financed goods
through June. Passenger cars made up 28.5 per cent, industrial
equipment made up 22 per cent, and real estate leasing totalled 5.5
per cent. BCR claimed to have achieved a market share of nearly 10
per cent.
BCR Leasing stated plans to finance the purchase of €500m of
goods this year, up from €400m in 2007. It also plans to achieve a
10.5 per cent market share in 2008.
BCR leasing was set up in 2001 as part of the BCR Group.
Austria’s Erste banking group acquired a 61.9 per cent stake in BCR
from the Romanian government in October 2006 and raised its stake
to 69.11 per cent in December.
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