The data as at 30 September 2015 of Banca Privata Leasing show a strong increase in the Bank's activity for all the products marketed. More specifically, the strictly banking activity saw a very significant growth in current accounts, with over 2.300 new relationships opened in the first 9 months of the year and a development in direct deposits that exceeded 200 million Euros of deposits (+200 % compared to the figure as at 31/12/2014).
These results were mainly achieved thanks to the launch of the new deposit account, which took place last December; the product is declined according to different configurations: it can be deposits with durations from 6 to 18 months and yields of up to 1,75% with advance interest, or, alternatively, a semi-annual coupon deposit with a duration of 48 months, with an increasing yield reaching 3,0% in the last six months. The data linked to the historic leasing business, a sector in which the Company has been operating for over 25 years, also grew strongly; the amount of new contracts stipulated by the Bank recorded a much higher increase than the national average of the leasing market: the value of the new Private Bank Leasing contracts in fact grew by +71,17% compared to +8,86% of the market average.
“We are very satisfied with the results achieved at the end of September 2015 – underlined Paolo Caroli, Chief Executive Officer of Banca Privata Leasing – For the last part of the year, our goal is to consolidate the leasing business and, jointly, start of a specific banking activity which will materialize with the proposal of a range of transparent, simple and economic products, in the style of the Bank. The collection, which will continue to be carried out through deposit accounts - added Paolo Caroli - will be entirely dedicated to small and medium-sized enterprises in the area, with the precise aim of supporting investments for the development of their business through products such as: credit lines /c, credit advances, mortgages, commercial sureties as well as obviously leasing transactions.”
Banca Privata Leasing has been operating since 1987 in all leasing sectors – license plate, instrumental, real estate – and since 2011 it has been transformed into a Bank. The commercial network is currently made up of 2 branches (Reggio Emilia and Modena) and the soon to be opened representative office in Milan. It also operates through a network of over 1.000 bank branches which have agreements for the placement of products.
