BNP Paribas Leasing Solutions signed a memorandum of understanding for the 100% acquisition of IKB Leasing Romania, a leasing company specializing in agricultural material financing. This acquisition will be finalized by the end of Q3/18, subject to the agreement of different regulatory authorities.

IKB Leasing Romania, founded in 2008 and based in Bucharest, is a company specializing in professional equipment financing, particularly agricultural equipment.

Thanks to this acquisition, BNP Paribas Leasing Solutions has strengthened its position in Romania where it is already a major player in the leasing market. Pioneer of the usage economy, BNP Paribas Leasing Solutions is pursuing its ambition to support companies in Romania and help them move from the sales business model to one of leasing.

“This new acquisition allows us to strengthen our teams of experts in Romania to support even more customers and partners in a region where leasing-type financial solutions are in increasing demand. Indeed, in 2016, the Romanian leasing market posted growth of 20% year-on-year, with nearly 2 billion euros in equipment financing,” said Charlotte Dennery, CEO of BNP Paribas Leasing Solutions.