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The Warsaw Voice » Business » July 29, 2011
Business & Economy
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EFL Aims to Double Profits
July 29, 2011   
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The Europejski Fundusz Leasingowy (European Leasing Fund, EFL) company, which is marking 20 years in business, aims to double its net profit under a new strategy for 2011-2015.

“The leasing sector has undergone revolutionary development in the past two decades,” said Andrzej Krzemiński, president of Europejski Fundusz Leasingowy. “You could say the market for leasing services emerged twice, for the first time in 1990 and then in 2001, when it started to recover from a crisis. Over the years, the market grew from $85 million in 1992 to over $25 billion at the end of 2010.”

Europejski Fundusz Leasingowy was established in June 1991. Today it holds 10 percent of the Polish market for leasing services and is the leading player on the market.

To mark its 20th anniversary, Europejski Fundusz Leasingowy is launching a new strategy for 2011-2015 under which the company’s net profits are expected to near double from zl.62 million this year to zl.117 million in 2015. In the coming five years, the company is planning changes in its distribution channels, product mix and internal processes. The new strategy is founded on the high efficiency of the Europejski Fundusz Leasingowy distribution network, supplier cooperation programs and a new platform for innovation. The company will also add banks and the internet to its distribution channels and expand its product mix with factoring services.
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