BRD Sogelease, the financial leasing arm of BRD group, expectsnew funding to rise at the same pace as last year, when turnoverrose by 35% to 99m euros, which drove the company onto the secondposition on the financial leasing market.
"This year, we want new funding to rise at the same clip as in 2010and we want to retain the second position on the market. Overall,the financial leasing market will rise this year, but not at aspectacular pace," stated Morles Vorlot, general manager of BRDSogelease.
The company, outside the top ten in the market's boom year, in 2010leapt onto the second position while many rivals had their businessfrozen. This year, though, several companies announced plans tospur turnover, which is set to tighten competition.
The company saw turnover go up last year owing to rising funding ofthe sale & lease back funding. Declines were registered in thecase of car and construction equipment funding.
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