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SMALL AND MEDIUM BUSINESS AS THE BASE OF THE STABLE CIVIL SOCIETY
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13/09/2007

Net profit of the company "Prime Lease" in the first half of 2007 increased by almost double

During the first half of "Prime Lease" entered into a 248 lease agreements totaling more than 693.7 million rubles. The growth in monetary terms compared to the fee for the first half of last year amounted to 61,5%. "The Company's revenues and profits in the second half will be higher than historically we have not yet reached the peak of demand, - said Anna Tychinina, general director of ZAO" Prime Lease ". - Autumn business returns from leave, and business activity increases dramatically ".

" Prime Lease "connects the positive dynamics of the financial performance of the chosen development strategy. " For stable development of leasing companies are not affiliated with the financial institutions need to pay particular attention to establishing long-term cooperative relations with credit institutions, - explains Maria Goloborodko, Head of Finance JSC" Prime Lease ". - Increased Limits on funding - one of our priorities: the first six months of 2007, the list of our partner banks added Bank Soyuz (JSC), Commercial Bank "Moscow Mortgage Bank" (CJSC), JSCB Probusinessbank "(OAO ) ". The interest of banks to cooperate with Premier-Leasing" explains Maria Goloborodko impeccable credit history: the history of the company on any of the inmates of credit contracts were not allowed delays and prolongation.

Strategy Development JSC "Prime Lease" in the 2007-2010 year to concentrate on expanding the leasing portfolio and regional expansion. The first steps in expanding the regional network have already been taken: the opening of a branch in Novosibirsk in November 2006 enabled the company to enter a new market with great growth prospects. For three months left on a branch level of profitability, and now provides a steady growth of customer base and portfolio transactions.

Source: Advis.ru

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