EnglishPorsche Financial Group, one of the top players on the auto finance market, reported Y2006 net profit of 33,3 million RON, up 52% year-on-year. The group"s activities are based on a "one stop shop" concept, so clients can get the car, the financing and the insurance at once. The goup operates on the romanian market since 1999 and it comprises Porsche Leasing, Porsche Bank, Porsche Broker de Asigurare and Porsche Mobility.
Turnover gained 38% from 2005, reaching 206,5 million RON, while the group"s asset portfolio increased by 25%, amounting to 1.547 million RON. The total number of automobiles financed by Porsche Financial Group reached 19.759 in 2006, increasing by 24% compared 2005, while the number of contracts managed by the group exceeded 45.000.
Porsche Leasing is a leader on the auto finance market, with a portfolio of over 44.000 leasing contracts in 2006. Last year, Porsche Leasing posted 29 million RON in net profit, while turnover gained 34%, reaching 176,7 milioane RON. In 2006, over 18.000 cars were financed through Porsche Leasing, the number increasing by 24% compared to 2005.
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