Prior to this appointment, Binder, 43, has worked as general manager with Porche Bank Croatia. He has an over 10-year experience on consultancy, business development and strategic management.

Porsche Finance Group started activity in Romania in 1999 and it grants funding for the purchase of vehicles sold by Porsche Romania, which sells Volkswagen, Seat, Skoda, Audi, Bentley and Porsche car brands.

In the first six months of this year, Porsche Finance Group issued funding worth EUR60 million, up 13% on the same interval of the previous year.