OREANDA-NEWS. August 31, 2012. In her interview to InfoMarket Angela Gladei, Total Leasing Director General noted that opening of Total Leasing in August, 2006 revived the entire leasing market of the country, making leasing products affordable for many consumers.

Thanks to foreign shareholders and their international experience gained in other leasing and micro-financing companies, Total Leasing put into practice the breakthrough approach to leasing operations in the market of Moldova. Angela Gladei also stressed that Total Leasing is oriented at backing both: legal entities and individuals with leasing and loans, including those to replenish current assets, placing emphasis on backing medium-size and small enterprises in regions of Moldova. As it was said earlier, the authorized capital of Total Leasing amounts to MDL 38.99 million. As of the end of 2011 the leasing portfolio of the company has accounted for EUR 9.9 million, 44.4% up within the year. Since its establishment in 2006 TOTAL LEASING has received funds from 6 international financial institutions.

In particular, it was twice financed by DEG for a sum of EUR 5 million each time; EUR 5 million were received from FMO; EUR 1.5 million were granted by EBRD; EELF/Raiffeisen provided EUR 2.5 million; EUR 1 million was granted by OIKOCREDIT; EUR 0.4 mln were received from ProCredit Bank, USD 5 mln. were granted by the Black Sea Trade and Development Bank. Two credit lines were opened for the company by FMO and BSTDB this summer.

As Angela Gladei says, international credit lines, on the one hand, speak volumes for reliability of Total leasing and its qualitative approach to risk management in the projects financed. On the other one, they afford clients of the company an opportunity to obtain admittance to rather cheap (as compared with other micro-financing companies) mid-term resources.