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Porsche Finance Group signs H1 financial leasing contracts of 221 million euro

20 august 2008

Information in English

 
Porsche Finance Group signed in H1 2008 financial leasing contracts of 221 million euro, up .6%, informs the company.
The operational leasing continues to be at the same level as in 2007, with 4% of total new contracts, and the car loans rose substantially, from 4% in H1 2007 to 7% at end-June 2008.
 
Porsche Finance Group, including Porsche Bank, Porsche Leasing, Porsche Mobility and Porsche Broker de Asigurare, has announced significant growth in H1 2008. The most spectacular growth was posted by Porsche Bank, whose number of new contracts of car loans rose 57%, with a value of the financed goods of 15.72 million euro.
 
“Despite the general tendency of slight regress on the car market of Romania, we have succeeded in outpacing our objectives for H1 2008. The month of June was very good, with a total growth of 24% at the group’s level”, said Kurt Leitner, CEO of Porsche Finance Group.
In terms of volume, the financial leasing is still the predominant product in the portfolio of Porsche Finance Group, representing 89% in the total of new contracts, versus 91% at end-June 2007.

 

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