LeasePlan, the world's leading fleet and vehicle management company, today published its interim results for the first half of 2012.
Highlights of the results include:
• Net profit for the six-month period ended 30 June 2012 of EUR 123 million.
• Lease portfolio increased to EUR 14.9 billion.
• Tier 1 and BIS ratios of 15.1%, up slightly from the 2011 year-end value of 14.9% for both.
• Successful conclusion of two senior unsecured debt capital market transactions of EUR 500 million and EUR 700 million respectively in the first two months of the year.
• Repaid a large share of the bonds raised under the Dutch Government Credit Guarantee Scheme, EUR 1.25 billion in February and USD 2.5 billion in May.
• LeasePlan Bank retail deposits reach EUR 3.9 billion.
Highlights of the results include:

• Net profit for the six-month period ended 30 June 2012 of EUR 123 million.

• Lease portfolio increased to EUR 14.9 billion.

• Tier 1 and BIS ratios of 15.1%, up slightly from the 2011 year-end value of 14.9% for both.

• Successful conclusion of two senior unsecured debt capital market transactions of EUR 500 million and EUR 700 million respectively in the first two months of the year.

• Repaid a large share of the bonds raised under the Dutch Government Credit Guarantee Scheme, EUR 1.25 billion in February and USD 2.5 billion in May.

• LeasePlan Bank retail deposits reach EUR 3.9 billion.

Vahid Daemi, Chairman and CEO of LeasePlan Corporation said: "In the face of economic, political and regulatory changes and challenges across the world and in particular the eurozone, LeasePlan continues to perform well and absorb the unpredictable effects of the global market.

"Profit for the first half of 2012 stands at EUR 123 million, down from the same period in 2011 by EUR 13 million. This difference is attributable to the one-off special income element of EUR 30 million and one-off post employment benefits that were included in the first half of 2011. When viewed against these items our profit level for 2012 remains consistent with the previous year’s first half results. Even though we could not qualify this any longer as “returning to pre-crisis performance” as stated in previous reports, we can fairly say that LeasePlan’s results have over the past years proven to be rather crisis-proof."