The new entity will have 35,000 clients.
OTP Leasing is the 4th company which BT Leasing has merged with over the last six years.
“Apart from the above-market organic growth, the merger with OTP Leasing enhances BT Leasing’s market position, expands its customer base, and diversifies its alternative financing options. Following the merger, BT Leasing reaches EUR1.2 billion in assets, 35,000 clients, 45,000 active contracts, and some 350 employees. We thank everyone who contributed to the success of this integration,” said Ionut Morar, General Manager of BT Leasing.
BT Leasing Transilvania was established in 1995, as a joint stock company. Iy is privately-held and its core activity consists in funding the purchase of vehicles and equipment in financial leasing system by legal entities and individuals in Romania. Banca Transilvania is the parent company and holds the following units: BT Broker de Asigurare SRL, BT Intermedieri Agent de Asigurare SRL, BT Solution Asistent in Brokeraj SRL, BT Safe Agent de Asigurari SRL and BT Asiom Agent de Asigurare SRL