Despite a 12 percent fall in new business
volume, Italy’s Sardaleasing increased the number of contracts by
around 6 percent last year and almost doubled its market share in
the Sardinian leasing market.
The lessor said that new business was €461
million, down from the €523 million recorded in 2008, but still
above the overall Italian market, which saw a 35 percent decline.
Net profit was €2 million, while bad debt was in line with 2008 at
0.91 percent.
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The company reported a 20 percent increase in
new vehicle leasing transactions, and was less than 3 percent down
in terms of equipment leasing business. Real estate business was
down 20 percent.
The Sardinia-based company said that almost
half of its new business generation was via Banco di Sardegna, its
immediate parent, part of the Banca Popolare dell’Emilia Romagna
(BPER) group.
Antonio Fabrizio
