BT Leasing focuses on financing SMEs

The leasing company’s market share is expected to reach 4.5 percent in three years, according to the General Manager of BT Leasing, Titus Nicoara. The value of financed goods exceeded €29.2 mln in the first half of 2007, and loans totaled more than €43.7 mln.

BT Leasing had 5,103 active contracts as of June 30, 2007. The company’s share capital increased to more than RON 18.9 mln (€5.64 mln) in 2007 from RON 1,400 (some €418) when the company was founded. Banca Transilvania’s subsidiary estimates it will finance goods worth €77 mln in 2007, from the €42.5 mln level registered last year.

Company officials expect the total value of financed goods to amount to €125 mln in 2008, €220 mln in 2009, and €330 mln in 2010. The strategy of BT Leasing follows that of Banca Transilvania, which became a SME bank on the market.

A new leasing product was launched yesterday for the SME segment. “This product is part of BT Leasing’s new strategy, which includes the reorientation of the company and integrating it in the Banca Transilvania structures, so the focus is on developing leasing products destined for SMEs,” said Ionut Patrahau, Deputy General Manager of Banca Transilvania. The limit of the new product is €40,000 and the period is up to 48 months.

Equipment and machinery made up for 23.9 percent of goods financed by BT Leasing by the end of 2006. Car loans had a 76 percent share of total financing in 2006. The ratio reversed in H1 2007, with equipment having an 83 percent share and cars with a mere 17 percent share.

Financing 
Equipment and machinery made up for 23.9 percent of goods financed by BT Leasing by the end of 2006. Car loans had a 76 percent share of total financing in 2006. The ratio reversed in H1 2007, with equipment having an 83 percent share and cars with a mere 17 percent share.