8 february 2008

Press release: Finicredito, a new player in the specialized leasing and credit sector in Romanian Market

 

Finicredito, part of the Finibanco group, one of the financial groups from Portugal is launching officially this month its operations on the Romanian market.

 

Finicredito, founded in 1992 in Porto, is specialized in consumer credit being nowadays one of the references Credit Institution in Portugal. According with the sector’s association (ASFAC) Finicredito reached in 2007 a market share of 5.7%, with a business volume of 174 million euro and assets in the amount of 350 million euro.

 

Finicredito has at the present moment 13 branches (12 in Portugal and 1 in Romania), agreements with a large and spread dealer’s network and benefits from the 152 Finibanco branches network in Portugal.

 

Finicredito provides a large range of solutions for financing products and services acquisition in Leasing and Credit, adjusted to each profile. The main products offered are: leasing and credit for the acquisition of new or second-hand automobiles (domestic or import), credit for the acquisition of consumer durables and personal credit.

 

“Finicredito offers financial solutions adapted to each profile and wishes to become in a short time a reference in the leasing and credit specialized sector. With the flexibility of our solutions, value and commitment of our people, we believe we can develop strong and reliable relationships with the local dealers” said the chairman of Finicredito Mr. Humberto Leite.

 

Based on Romanian market benchmark, Finicredito solutions were developed based on:
• Down payment adjusted to each person and company profile
• Maximum terms suitable for the life period of the vehicle
• Competitive and adjusted price to each case solution
• Indexed and fixed interest rates
• Large Insurance package, including Casco and RCA
• Easy access and simplified procedure
• Prompt answer on the underwriting process
• Web access integrated software solution
• Proactive and efficient client support during entire contract’s life

 

Humberto Leite

“Finicredito intends also to extend their activity to several other cities, in order to provide a complete cover of the country, with branches fully prepared to offer the same solutions and high level of quality.

 

Based on the experience of 15 years on this activity, Finicredito propose to participate and contribute for the satisfaction of the needs of Romanian consumers” said the chairman of Finicredito Mr. Humberto Leite.