Tiriac Leasing, a company that prior to the crisis had beenamong the top ten on the market, has resumed collaboration with cardealers outside Tiriac group, after it had been halted for oneyear. Partnerships with car dealers for the funding of theirclients are the most important business source for leasingcompanies. "Practically, Tiriac Leasing's funding activity hasnever ceased. The difference was that, over the past year, fundinghas been done only from own funds, being exclusively aimed atdealers part of the group. Starting June 15, once conditions forthe new credit lines have been renegotiated and agreed upon,funding has been resumed for all the authorised dealers," statedMircea Dihel, general manager of Tiriac Leasing. The company hasnot published its financial figures for the past year. The leasingmarket plummeted by over 70% in 2009, to 1.3bn euros, from 4.8bneuros in the previous year. "2009 was a year when the businessadjusted to the new market coordinates, dictated by the delicatemacroeconomic situation we're all coping with. The main businessfocused on debt recovery and reselling repossessed cars and thecurrent portfolio is now stable (...)," Dihel says.
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