Porsche Finance Group reports 15 percent business expansion on H1

Newsroom 22/09/2011 | 12:28

Porsche Finance Group has offered financing services totaling EUR 73 million in the first half of 2011, which is a 15 percent increase compared to the similar period of 2010.

After the launch of a new financial service “Perfect Leasing”, the company reported an increase of 32 percent in deals for the first semester of 2011, compared to the similar period of 2010. The value of assets financed through the operational leasing from Porsche Mobility increased from EUR 4.2 million in the first half of 2010, to EUR 9.3 million in 2011.

“The spectacular growth in the operational leasing is included in the larger trend of gains on this segment for the auto leasing market in Romania, due to the benefits it brings in the current economic environment. Hence, after three years of decreases, the auto market responds to the different consumer behavior of clients”, said Kurt Leitner, CEO of Porsche Finance Group.

The company announced a 15 percent increase of the Porsche Bank portfolio for offered auto loans in the first half of 2011, versus the similar period of 2010. In addition, Porsche Insurance sold over 10.000 CASCO premiums in the last two and a half years.

Porsche Finance Group manages the financing business for auto brands belonging to the Porsche holding: Volkswagen, Seat, Skoda, Audi, Bentley and Porsche. The group financed 43 percent of the car sales of Porsche Romania, at the beginning of 2011.

Ovidiu Posirca

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