Raiffeisen Leasing Triples Turnover In Q1, To EUR17M

06.17.2011 By Liviu Chiru

Raiffeisen Leasing expects to make profit this year, too, after having seen the value of funded goods triple in the first three months (it started, however, from a low base), as the rate of clients in default dropped, says Felix Daniliuc, general manager of the company.

"We must make profit this year. We were in the black in the first quarter, profit was in line with the set target," Daniliuc told a press conference, without specifying the profit he aims for in 2011, though.

In 2010, the company reached net income worth EUR3.8 million, after a loss of almost EUR15 million in 2009.

Raiffeisen Leasing, the subsidiary of Raiffeisen group specializing in financial leasing, in the first quarter funded the acquisition of goods worth EUR17.6 million, almost three times more than the volume registered in the same period of last year.

He says that this year the focus will be on the funding of equipment and of small and medium-sized companies, which have started to regain health after the crisis years.