Meer dan 5.000 auto's direct uit voorraad leverbaar
Nieuwe en gebruikte auto's van 18 toonaangevende automerken
Scherp geprijsde actiemodellen kopen, leasen of financieren
Snel wegrijden zonder lange levertijden
Published: 01-07-2016 18:13
Stern Groep NV, the Dutch listed automotive group, announces that Facility A (retail financing) of € 70 million has been extended to 30 June 2017 and that Facility B (financing of the lease portfolio) has been further increased from € 130 million to € 160 million. The total sum available under these banking facilities accordingly amounts to € 230 million (formerly € 200 million). As a result of Stern’s improved performance, the interest rate spreads over 3-month Euribor have been significantly reduced. The banks providing the finance (ING Bank, ABN AMRO Bank and Rabobank) are each providing an equal amount of the total funding.
SternLease continues to grow
After strong growth in recent years, the lease portfolio of SternLease increased again in the first six m0nths by nearly 500 contracts to reach 9,530 operating lease contracts (+5.4%). The rate of growth is expected to accelerate somewhat in the second half of the year.
The carrying amount of the lease portfolio was over € 160 million at year-end 2015. At the end of June 2016, this sum has risen to over € 167 million. By the end of 2016, we expect to reach a level of at least € 175 million. Growth is expected to continue in 2017. Due to the greater size of the lease portfolio, other forms of lease financing will become available.
Press here for the press release dated 01 July 2016 in English
Klik hier voor de pdf van het volledige persbericht d.d. 01 juli 2016 in het Nederlands