MKB Romexterra enters operational leasing market

The decision was made due to the high growth potential of this leasing segment in Romania, said Cornel Constantinescu, President of MKB Romexterra Leasing. The products of the new company will be available through MKB Romexterra branches, MKB Romexterra Leasing, the internet and leasing brokers.

Constantinescu added that shareholders of Romexterra Leasing have also approved a €62 million credit line from MKB Bank and decided to increase the company’s share capital by adding RON 3.12 million (€0.86 mln) worth of reserves for 2007, raising this to €8.7 mln.

In 2007, the company financed goods worth €78 million, four times higher than in 2006. MKB Romexterra Leasing’s major shareholder is MKB Romexterra Bank, with a 92.87 percent stake. Other shareholders are oil services companies Petromservice SA and Grup Servicii Petroliere and several individuals and companies.