The leasing company financed assets of RON123 million in the first quarter and its total assets rose back to over RON1 billion.
Risk provisions had a negative impact of RON0.9 million in the first quarter, from RON2.1 million at the end of last year.
At the end of March, BCR Leasing had a market share of 8% and ranked third on the local leasing market by new financing.
The biggest sales volumes in the first quarter were registered on the heavy commercial vehicle and equipment segments, where financing volumes tripled, mainly driven by the SMEs segment.
The company plans to keep a share of two thirds for vehicle financing and one third for equipment, where farming equipment has a major share.
Heavy commercial vehicles more than tripled to EUR13.14 million and accounted for 48% of financing, while equipment financing nearly quadrupled to around EUR6.6 million and accounted for 24%. Car leasing declined 5%, to EUR6.15 million and accounted for 22%, while light commercial vehicle financing rose 43%, to EUR1.77 million.
Of total financing, around 70% went to new vehicles and the rest to second-hand vehicles.
By customers, micro-enterprises accessed 58% of financing, doubling to EUR15.9 million, followed by small and medium sized businesses, which attracted 31% of financing, of EUR8.74 million, up 63% on the year.
“For the end of this year, I expect we will reach asset financing of EUR100 million, a 50% increase from last year, following a growth of 66% in the first quarter,” said Speteanu.
On the operating leasing segment, BCR Fleet Management’s fleet topped 2,000 vehicles, of which 40% is full-service leasing, and the company targets 2,500 units by the end of the year. Cars account for 99% and commercial vehicles for just 1%.
Operating leasing revenues tripled in the first quarter to nearly EUR3.04 million and the company’s net profit on this segment stood at around RON310,000.