Piraeus Leasing's business was boosted by the expansion of its network, cross-selling cooperation with other branches of the group, a doubling of employee productivity, and the launch of its new "Sale and Lease Back" product. The growth pace of Piraeus Leasing Romania surpassed that of the domestic leasing market in H1 2007, allowing the company to win a 1.5 percent market share, and control 5 percent of the Romanian leasing market.
Anca Petcu, Deputy General Manager of Piraeus Leasing Romania, forecasts that the value of Piraeus Leasing contracts will exceed €200 million by the end of 2007.
"The generous financing period, the flexibility of our conditions, and processing speed are the elements that entitle us to estimate that the value of real estate financing will reach €30 million by the end of 2007," Anca Petcu, told Business Standard, based on the fact that that this segment exceeded €10 million by the end of June 2007.
Leasing
Piraeus Leasing divides its business between cars and light commercial vehicles (40 percent), commercial/utilitary vehicles (22 percent), industrial equipment (10 percent), construction equipment (11.5 percent), real estate leasing (12 percent), and other fixed assets (4.5 percent).
