Bill Stephenson, CEO and chairman of DLL, addressed the successes of the company in 2017, as well as other developments and initiatives in a post on the company’s website.

Stephenson highlighted strategic moves like the realignment of DLL’s Dutch leasing and consumer finance portfolio back to parent Rabobank as well as its alliance with Erste Group Bank AG to expand its vendor finance reach in Central and Eastern Europe.

Stephenson also touched on performance for DLL in 2017, which included a 14% increase in new business volume and a portfolio of €30.8 billion ($36.11 billion) even as currency effects created challenges.

DLL will turn 50 in May 2019. To keep going strong, it is dedicated to adapting to the marketplace as it has since 1969, according to Stephenson.

“Traditional business models are being challenged, and the vendor finance industry is not immune,” Stephenson said in the post. “In order to maintain our market-leading position, we need to challenge ourselves, our business model and our traditional ways of thinking.”