ProLease Bulgaria Increased Capital By 2 Million Leva
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ProLease Bulgaria EAD has increased its capital by 2 million leva (1.022 mln euros), the company told Profit.bg.
At the end of April the company's leasing portfolio stands at 60 million leva (30.6 mln euros), which is a hike of a little over 30% compared with the end of 2007. Net profit in the period amounts to 550,000 leva.
ProLease offers leasing conditions, according to which the VAT may be paid in installments with no interest rate charged. The approval period depend on the size of the loan and varies from 3 business days (for loans to up to 100,000 leva) to 7 days for larger amounts.
The average term of leasing contracts in the company's portfolio stands at 30 months, and the tendency in the next few years will be towards increasing this period.
ProLease Bulgaria was founded in 2003 as a subsidiary of ProCredit Bank Bulgaria.
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