The new financial credit institution, the 321 credit, which incorporates all the assets of the former BPN Crédito either reach the five largest companies in the sector, announced on Monday, the CEO Luís Monteiro D’Aguiar.
Presented in Porto, 321 Credit wants to be in the domestic market “on a long-term approach and wants to continue to grow at steady pace to re-occupy the place that it already belonged among the five largest financial institutions specialized credit in Portugal, with a 15% share, “said Luís Monteiro D’Aguiar in telephone Speaking to Lusa. To achieve this goal, the CEO of the credit institution stressed that “the operational level involves reach an average production of at least 100 million euros a year.”
The 321 Credit was bought by Firmus Investments at State last December and since then and until now, “the market share of the institution is already 6%,” said Luís Monteiro D’Aguiar. The official also said that, with net assets of 120 million euros, 321 Credit has “a strong financial and operational strength,” presenting a “net worth 22 million euros.”
The new institution has 99 employees and has a national coverage with offices in Lisbon, Porto and Leiria, with 60% distribution channels lies north of Coimbra, 12% in the center and the remainder in Lisbon.
For Luís Monteiro, the bet of 321 Credit is the financing of car loans, but is in the business plan into the personal credit and factoring.
The new brand was developed by 321 Credit Brandia Central, being from today present throughout the country through 321 credit network as well as its more than 500 car dealerships business partners across the country.
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