The revenues of Easy Asset Management, a company providing loans to individuals, for Q1 2008 rose by 309% YoY: from BGN 836k to BGN 3.4m. Its profit increased by 612% YoY to BGN 1.1m. The size of loans provided by the end of March is BGN 15.7m.
We expect a 200% to 300% rise in both the size of loans and revenue in 2008, Stanimir Vassilev, executive director of Easy Asset Management, said. The company plans to expand its trade network in all regions of Bulgaria by end 2009. It will also open offices in other Southeast European countries over the next 5 years.