UniCredit Leasing, a company of Bulbank, started offering leasing for new passenger vehicles on attractive interest rate conditions and short approval procedures.

UniCredit Leasing offers financing of new car purchase regardless of the importer or trade mark of the vehicle. The maximum term of the leasing is 5 years on 7.10% annual interest rate with 10% initial instalment, representing best terms available in the market. Leasing applications are processed and finalised within 24 hours.

“UniCredit Leasing, fully controlled by Bulbank, is the fastest growing leasing company in the market. We have already achieved after only 16 months of operations, a market share in excess of 10% and increased four times our leasing portfolio, thanks to the attractive terms and fast processing,” Mr. Plamen Minev, Member of the MB and Executive Director of UniCredit Leasing, commented.

The products of UniCredit Leasing are offered in the branch network of Bulbank. The full information on the leasing conditions for the new vehicles could also be obtained with the merchants of largest car importers in the country.

UniCredit Leasing

Bulbank signed the contact for purchase of 100% of the shares of UniLeasing OOD as of mid February 2004 and named the company UniCredit Leasing Bulgaria, fully owned by Bulbank. The main advantages UniCredit Leasing offers the clients are the opportunity to have needed equipment with low initial investment, without collateral and re-scheduling VAT payments for the whole period plus preferential insurance conditions. Depending upon the type of the equipment that client would like to have, the leasing period may vary from one to five years.