OREANDA-NEWS. June 11, 2010. Leader of transport leasing market increases business capitalization and claims on ambitious plans of market share increasing, restoring the funding in the transport segment.

On the 1st of June Euro Leasing LLC announced an increase of the company statutory capital in eq. of 12 million dollars. The shareholders decided to increase the size of statutory capital that will allow the company to improve the level of capitalization to more than 25%, and freely attract external resources for financing of new sales on more favorable terms, reducing production costs.

Roman Ivanenko, commenting the event of the company statutory capital increasing, said: "These changes in the statutory fund associated with the company's plans of opening large credit lines with several international institutions, with a view to concluding new leasing contract for more than 1 000 vehicles before the end of 2010. This is a conscious step of the company shareholders, which is a signal to the creditors' confidence in the company's business, its market position and prospects".

Previously, the company increased the statutory capital in accordance with the leasing portfolio growth. In 2008 Euro Leasing statutory capital was increased from 50.5 to 101 million dollars. After the last increase of company statutory capital it became one of the largest on the market. At the present moment the company belongs to the three market leaders of transport leasing market by the park, has about 3000 vehicles in fleet management, financed in operative and financial leasing.