TBI Leasing has estimated that the volume of contracts it funds will increase by more than 25% to a total of 57 million euros, the equivalent of a 4% market share, according to the TBI Leasing general manager, Florentina Mircea. "We're planning on maintaining the position we reached last year, when we concluded 45 million euros' worth in contracts in a market in which leasing operations are estimated at 1.4bn euros," Mircea said. Net profits for 2004 amounted to more than one million euros. Of the total number of contracts funded by the company, 69% was for new cars and commercial vehicles, with a further 5% was for second-hand vehicles; 20% went on equipment purchases; 5% was for buildings; and 1% for durable goods. TBI Leasing is preparing a second issue of bonds in the April-May period, which will be worth at least 3 million euros. "We will be able to provide exact figures as to the value of the issue after the new guidelines on the capital market are released. The three million euros is the minimum amount established in line with our assets, funds and results," Mircea explained. TBI Leasing plans to increase its share capital by 1.5 million euros this year to around 4.5 million euros. Mediafax
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