The company’s share capital would be diminished from RON190 million to RON63 million.
BCR Leasing’s stockholders will also vote on using the issue premiums worth RON114.8 million and the RON77.7 million representing reserves from the net profit of previous years in order to cover accounting losses due January 1, 2015.
BCR Leasing posted a net profit of RON6.3 million in the first quarter, from RON700,000 in the same period last year, and sales rose 66%, according to the most recent data. 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.
(English version by Manuela Panescu)