Banca Comerciala Romana Group enters leasing market

As of April, a new big player will enter the leasing market, estimated at $300-400 million. The new company is BCR Leasing, which will target a 10% market share over the next two years.

Banca Comerciala Romana (Romanian Commercial Bank-BCR) Group along with Omniasig and Asiban insurance companies yesterday signed the documents for establishing BCR Leasing, a company to operate on the leasing service market starting next month.

BCR Leasing management estimates that in about 12-18 months the company will obtain an 8-10% market share, given that several firms have already expressed interest in the company's services.