() ,

, ,
. ,
,
.

,
leasing ,
, .
,
,
, / ,
,
( ., 2001).

. ( ) ,
,

20 . Leasing
.

20

.
1960.
. ,
80
,
.

, ,
1665/1986
( )
. .
Financial lease leasing
(Crdit-bail ) Rending Operating leasing
( ., 1999).

1.1 5000
..
(, , )

.
() . ,
,
. ,

.

,
.

17
.

.
,
.. Greenwich. leasing
,
Equipment Leasing Bell Telephone Company, ...

.. ,
, .
1952
... United States Leasing
Corporation Henry Schonfeld 20
500
Bank of America. , 1960,
Mercantile Leasing Company. ,
leasing United Stated Leasing International Inc.

 1980,
,
. , 1960 1665/1986
( : Leasing)

1.2

leasing, ,
-

( ,

).

.
.

leasing,

() ()
().
leasing,
, .
,
.

.

,
,

, .
,
, . ,

, ,
, .

,
, :

, .

leasing
, ,
, , , . ,
, , ,
( .,
., ., 2002).

.


, .

.

E
, leasing
. E,
. E
,

(.. , ..) E
leasing,
.

1.3

)
, ) .
50% leasing
operating leasing financial leasing, 99%
. . .
:

. (direct leasing)
E ,
( ) leasing
.
,
, . B,
, .
,
,
. ,
, .. ,
..

.

.

II. (Vendor Leasing)

leasing .
,
- leasing
, leasing.

.

, ,
Marketing
, . T
leasing ,
,
.
, ,
(.. ,
, ..).
leasing
.
vendor leasing
- -.
- .
- .
-
.
- 18-60 .
- .
-
, , , ..
- -.
- .
- -
.
-
.

 vendor leasing.
(, /, office
automation, , ..).

. (Master Lease Line)

leasing -,
. A

,
.

IV. (Leveraged leasing)

(, ,
..) : ,
, leasing .

leasing, .

,

(.. ). T
leasing ,
.

V. (Sale & lease back)

O leasing
() .
H - SALE AND LEASE BACK-
(leasing)

().
, .
. ,

. sale and
lease back
, .

 sale and leaseback

( ). sale and leaseback
,
leasing
, .
Sale and lease back
.

, ,
. leasing
,
.

leasing
,
, (, .).
, ,
( ., 1991).
T Sale & Lease ack :
- A .
- H .
- B .

VI. (Cross-Border Off-Shore Leasing)

A
(, )
. T
.

, Import Leasing, ,
, Export Leasing.

10

 Cross-Border Leasing , Leasing,

)
, ) ,
, ) ,
) ( ., 1991).

VI. K
leasing
.
.

1.4
Operating Leasing
, 1665/1986
. , (
)
100%. ,
: ( ) ( ).
, , .

,
.
, , ,
.
, , ,
, ,
,
.

.
.
,
.

11

 .
( )
. .

()
.
, ,
()
.
:

, , , , ,

, , ,
, .

1.5
Leasing ,
.
:

) :

/



) :

(, )

12




,
) :

. ,
.

,

, ,
( ., ., ., 2002).

1.6

leasing
. leasing
,
. leasing .
.
leasing,
. ,
leasing .

13

 5 Leasing :

1.
() (),
-.
2. Leasing Leasing,

.

3. ,
Leasing (, ). .

4. .

.

5. Leasing
.
Leasing
( .,1991).

14

,
, : (www.infopeloponnisos.gr)

,
,

1.7

, :

*
=

1 (1+ )

: = ,
= ( )
=
=

( 5%
), ,

, ( .,1999).

15

2.1 leasing

21 .
( 80, 90)
leasing 35% (
)

leasing
.

, 1987-1992,
8 leasing. A Leasing, CITI Leasing Leasing,
EUROLEASE 1990, 1991 Leasing,
Leasing, LYONNAIS Leasing, (Hellas) Leasing
Leasing. 1993 Leasing Leasing.

leasing , ,
:

Alpha Leasing

1981

ETBA Leasing

1987

Citi Leasing

1987

Leasing

1990

Leasing

1990

Leasing

1991

rgo Leasing

1991

ABN-AMRO Leasing

1991

Leasing

1993

Leasing

1993

, 20 , 12 2 leasing ,
aribas

Proton Bank.

leasing (Citi Leasing, Leasing, EUROLEASE, Leasing, rgo Leasing),

16

 ;
, , .
( :
Leasing).

2000

11%

14%
6%

14%
2%

12%

12%
0%

2%
7%

9%

10%

1%

Leasing

Alpha Leasing

ATE Leasing

CITI Leasing

Leasing

Leasing

Leasing

Ergo Leasing

ETBA Leasing

Eurobank Leasing

Leasing

Leasing

Leasing

4.1. Leasing

2000 Alpha Leasing (14,66% ),

urobank Leasing,
Leasing Leasing ETBA Leasing 1999.

1996, -Leasing 6 .

, ,

17

 .
2001 Leasing ( ., 2001).

ERGO
LEASING

ETBA
LEASING

EUROBANK
LEASING

LEASING

A
LEASING

LEASING

LEASING

LEASING

210

LEASING

17.967

LEASING

479

4.728

49

4.575

195

3.226

3.619

6.281

41.329

CITI
LEASING

ATE
LEASING

ALPHA
LEASING

1999

14.904

11.720

60

2.579

11.958

9.064

4.098

3.862

3.630

3.743

8.815

5.812

5.496

85.741

4.763

995

361

4.590

3.807

4.511

1.486

2.181

1.075

262

9.898

3.293

37.222

4.924

2.680

68

1.814

6.308

2.726

2.260

3.054

1.515

7.304

892

5.903

4.888

44.336

1.642

970

47

1.787

1.173

2.253

600

2.543

714

280

660

1.790

5.369

19.828

2.527

3.936

87

95

1.700

3.486

2.486

791

57

1.214

807

528

17.714

46.727

20.511

623

11.344

24.946

26.768

10.979

17.006

7.186

12.541

14.662

27.550

25.327

246.170

LEASING

ERGO
LEASING

ETBA
LEASING

EUROBANK
LEASING

LEASING

A
LEASING

LEASING

LEASING

LEASING

5.935

9.277

10.540

616

18.060

2.883

504

4.019

4.517

15.739

99.448

69

6.364

6.809

9.172

1.676

7.171

2.338

3.923

8.028

6.387

2.766

84.947

11.263

31

5.223

2.075

4.140

880

2.854

813

186

1.220

9.465

6.889

52.031

8.062

33

3.148

5.920

2.314

2.272

2.839

477

9.704

1.102

7.187

4.153

47.211

2.328

1.733

4.377

1.032

5.209

97

3.457

384

4.381

6.985

38.606

524

2.111

859

194

3.099

104

200

161

245

2.975

2.995

1.251

5.613

481

1.085

1.306

2.322

18.472

30.900

34.397

7.921

44.845

7.193

19.059

16.220

38.854

340.715

24.245

3.113

13.993

16.251

6.992

6.241

CITI LEASING

ATE LEASING

ALPHA
LEASING

LEASING

2000

2.382
181

444

51.471

41.071

758

23.522

32.182

CITI LEASING

LEASING

LEASING

ERGO
LEASING

ETBA
LEASING

EUROBANK
LEASING

LEASING

A
LEASING

LEASING

LEASING

9.437

5.581

16

1.858

5.470

8.004

1.722

3.726

1.617

1.434

7.334

5.867

760

52.826

7.340

8.378

78

5.768

6.781

14.079

715

36.307

2.219

4.668

7.147

9.182

5.760

108.422

8.425

20.330

247

5.852

17.776

11.414

5.484

4.812

3.457

11.114

1.569

17.133

32.344

139.957

26.269

6.802

417

10.056

673

1.843

170

46.230

51.471

41.091

758

23.534

30.700

33.497

7.921

44.845

7.293

19.059

16.220

32.182

38.864

347.435

0 3

5.509

8.732

282

6.770

6.243

12.885

1.649

16.252

250

4.551

4.055

17.170

11.295

95.643

3 5

19.757

29.448

486

10.183

14.019

8.898

5.623

11.232

1.910

12.909

5.183

12.564

11.110

143.322

834

1.307

970

134

300

2.072

1.095

2.823

34

720

16.484

ATE LEASING

LEASING

ALPHA
LEASING

2000

5 10

6.195

18

 10

20.010

2.891

5.935

9.277

10.540

815

18.061

3.061

504

4.179

2.414

15.739

93.426

51.471

41.071

768

23.722

30.846

33.293

8.221

45.845

7.293

19.059

16.240

32.182

38.864

348.875

40.778

28.152

554

18.342

24.977

25.774

5.220

37.940

4.732

9.329

11.101

25.386

25.460

257.745

4.563

6.271

4.846

2.713

1.843

820

3.375

1.472

4.887

3.505

2.360

7.600

33.421

5.548

120

1.410

5.652

283

1.720

345

2.590

851

2.060

2.802

23.381

6.130

3.100

204

2.414

1.800

1.018

1.495

1.810

744

2.453

763

2.376

3.002

27.309

51.471

43.071

758

25.722

30.900

34.287

7.818

44.845

7.293

19.259

16.220

32.182

38.864

352.690

4.1:
1999-2000

2.2 Leasing


,
,
(borrowing).
.

. 1665/1986,
,
. 7
.
. 1995/1991,
.

1665/1986 ,
.


leasing,
. . 2367/1995,
(, , ,
, , Parking, ). 11


( ., 2001).

19

 .2601/1998 )


)

.

.2601/1998 ) )
,
)
) ,
)
,
)

80 ,
.. ( ., 2001).

leasing ( )
,
.

leasing
(12 . )
,
. ,
,

.

leasing 5
1038/1949 ( 149)

(3) , (5) (10) .

(www.Leasing.gr).

20

2.3 1994
K ,
, 1999, leasing
. A :

1994 leasing 153 ..

T 1995 5,19% 201,3 .. T 1996
5,13% 253,1 .. O
leasing 145 .
.

T 1997 349,8 . 6,42% .

O leasing 195 .
296,4 .. T 1998 418 . 5,99% . O
leasing 239 ..

T , 1999, leasing
8,36% . ,
610 . leasing,
leasing , 121 .
721 ..

T 2000, leasing 1,03 .

340,7 . , 736 . 409
. .

T 2001 26,2% 1,35 ..

H leasing 25,74%
2001, 334,78 .. T
229,8 . 17,67%. Y, ,
, 91,8 .
7,06%, 8,98% 116,8 .
.

T 2002 ,
MA sale & lease back
. , leasing
18,5% 1,536 .. X 528,2 . 34,4%
,

21

28,22% 433,58 .. O leasing

248,2. 16,15%. O 86,8 .
5,65%, 9,51% 146,1 .
(www.kathimerini.gr).

1999

2000

21,87%

15,11%

22,52%

31,29%

40,31%

40,37%

15,30%

13,23%

100,00%

100,00%

0 3

37,62%

26,62%

3 5

34,33%

41,58%

5 10

17,34%

5,12%

10

10,71%

26,68%

100,00%

100,00%

66,32%

72,96%

16,05%

12,77%

8,48%

7,29%

9,15%

6,98%

100,00%

100,00%

4.2
1999-2000

,


leasing


. ,
7%
,
10-30%, ... 32% 20%.

22


.2324 / 95 58,
.

2.4
1. leasing
/ 100%,
/ .

2. , 100%

. leasing

.

,
1500 .
,
20%. , 1665/1986
,
33,33%.

8%,
, , :

()

(1)

(2)

(3)=(2)*1500

(4)

(5)=(3)*(4)

33,33%

500

0,9259

46295

33,33%

500

0,8573

428,65

33,33%

500

0,7938

396,90

100,00%

1500,00

4
5

1288,50

23

()

(1)

(2)

(3)=(2)*1500

(4)

(5)=(3)*(4)

20,00%

300

0,9259

277,77

20,00%

300

0,8573

257,19

20,00%

300

0,7938

238,14

20,00%

300

0,7350

220,50

20,00%

300

0,6806

204,18

100,00%

1500,00

1197,78

. ,
,
,
.
.
, , .

3. leasing

, ..,
.

4.
,
.

5.
,
.

6. leasing

,
.

7.
( ) .
.

24

8. ,
.

9.
. ,
:
1
( )

60

35

28

45

25

10
105

105

30 , 30%
, :

2
( )

90

35

28

66

25

126

[( ) / ]
0,68 0,32, ( /
) 0,67 0,72,
.

25

126

 ,
500 , :

3
( )

60,0

34,5

28,0

45,0

7,0

25,0

9,5

104,5

104,5

0,66
0,67,
,
.

10. ,
..

11. leasing
, ,

.

12. leasing ,

(, ).

2.5

1. leasing
.
, , , .

2.
,
.

26

3. ,
,
leasing.

4.

. ,

.

5.
.

. ,
,
.
( : www.disabled.gr/lib/?p=7918-88k)

2.6 Leasing vs
leasing
. M

leasing.
,
, ( ),
. , ,
leasing,
, .
E
, leasing
. E,
. E
,

(.. , ..) E

27

 leasing,
.

-

, .
- ,
(3 ).

1000 ( 7%)

1000 ( 6%)

(3)

15%

93,11

93,11

93,11

98,33

93,33

88,33

93,11

93,11

93,11

97,08

92,08

87,08

93,11

93,11

93,11

95,83

90,83

85,83

4 /

93,11

93,11

93,11

94,58

89,58

84,58

372,44

372,44

372,44

385,82

365,82

345,82

61,97

39,65

15,74

52,50

32,50

12,50

310,47

332,80

356,71

150,00

150,00

150,00

372,44

372,45

372,45

202,50

182,50

162,50

1 /
2 /
3 /

/
./

28

372,44*37,5%=

139,67

139,67

139,67

75,94

68,44

60,94

372,44

372,44

372,44

385,82

365,82

223,44

-139,67

-139,67

-139,67

-75,94

-68,44

-60,94

232,77

232,77

232,77

309,88

297,38

284,88

: , ,

.

29

3.1

leasing (
),
. H
leasing
() ()
( / ). leasing
,
.
, 2367/1995,
.
.
,
.

leasing ,

.
leasing

. H

75.000
. 10 15.
leasing

leasing. leasing
, , , ,
, , , , ,

30

, , , , , ,
.
H leasing 10 ,

100% .
leasing ,
. H ( )
. ,
leasing.
H leasing ,
, ( leasing - ).
, ,
, leasing
..
leasing , ..., leasing
( , , )
... . ,
( ) ... (18%),
.H leasing
, . H .
' , (,
14/12/2003)

,
, ,
( ., 1999).

31

 (
) 14% (11%
+ 3% ), .
.

1. (11%)

1.

2.

2.

3.

3.

4.

5.

,
5,0 , .
, .

Sale & Lease Back 11%

() , 3% (+
). ,
,
.

2000 leasing
50% .
, spreads
,

200 leasing
70 4.

3.2 leasing
100%
,
70%.

32

 leasing :
* H
.
* H ,
, .
* H leaseback .
1999, (
) leasing
, leasing
30% . 2003
leaseback.
leasing (, ,
.) ,
, leasing, .
* H
H leaseback ,
1.1.2003,
, leasing .
,
-
,

,

.
H
,
(sale and lease back), '
.

,
,

33

 ,
, ,
, .
, .

,
, leaseback (
), leaseback
. T Lease back
:
1. ( / )

2. ( / )

3 B ( / )
4.
.
5.
.

3.3 Leasing :
1. H
.
2. E
.
3. leasing
,
.
4. K , leasing .

34

5. K , leasing . ,
,
, .
6. E, leasing .
,
.
7. H leasing .
leasing ,
. T .
8. O leasing
,
. , ,

.
9. H
.
10. M T E leasing
, ( , )

3.4

leasing ,
. T
30.000 ,
leasing 20%,
.
, leasing

80% . H
14%. leasing

35

: (Hertz, Avis, Master

Lease, Leaseplan ..), (
Best Leasing, Emporiki Rent, Autorental ..)
, .
30.000
8.000 50.000 ,
, ( City Auto, ).
.
,
, . ,
,
,



. leasing
.

x
:


, leasing
20%. , 30.000
.

, leasing
, . ,

.

,
.

, ,
.
leasing
.T leasing
,

36



. ,

leasing

,

.

leasing

,
, .


, ,
.

, leasing
.

,
. ,
.

( / ,
, ..), leasing
,
.

3.5

1986 1665/1986 ( Financial

Leasing ).
,
. :

1. 1600cc
60%
( 60% ).

37

2. 1600cc

25%

( 25%
).
.

3. , (service, ,
, ), .

4. ,
.

5.
, , , ,
, , ,
( ), 3%
. .

,
.

( 100% ),
.
,
( ),
,
(www.nbg.gr/small_medium_01.asp).

(Operating Leasing)
,
, service, .
Financial Leasing
.
(. 2238/94, . 2459/97, 2753/99, . 2789/2000)
Operating Leasing 100%.

5 . , ,

38


.
/
:
1. , ,
100% .
2. ( )

.
3. ,

.
4. ...
.
5. () .
6.
.
7.
.
8.
.
9.
.

3.6 Leasing

leasing

2-5 , )

, )
, )

39

 , )
.

Leasing
():

1.000,00

euribor (4.18%)

' :

()

30,67

23,78

19,65

' :

6 ():

6 x 5,00

6 x 5,00

6 x 5,00

():

30 x 36,36 42 x 26,85

10,00

0,5% 150

54 x 21,58

19%

3.7 & Leasing

,
:

1. 3 (3)

2. .

40

3. .

4. .

5.
.

6. (3) 9
.

7. (2 ) .

8. .

(, , , & )

1. 3 (3)
.

2. .
3.
.

4. .

5.
, (3)
9

6. (2 ) , .

7. .

: LEASING

41

4.1

1998 ,
,
. 1998, G7
,
. ,
.
(), International
Accounting Standards, . ,

1/1/2005
.
A leasing,
,
. K ( )

,
.

( )
.
leasing
,
.
M ,
.
.
2005
leasing .
(IAS)

42


. ,
. ,

.
( )
( )
leasing.

,
. ,
.
leasing
, .

,
leasing.
M , leasing
. O leasing
. ,
, . O
,
leasing.
(... 17, ),

.

(www.aspisbank.gr/article/greek).

4.2
Leasing,
, , Leasing

,

43


(leasing
) ()
,

.

, leasing
, ,
.. , ,

(www.Leasing.gr).

1.000.000
1.500.000 .
()
:

, .
40%.
10% .
5 , () 5%
. (true lease),


(untrue lease). , (), ,
20%, (), , 18%.

, .

1.500.000
1.000.000
() :

44

 = ( ) * (1 )
= (1.500.000 - 1.000.000) * (1 0,40) = 300.000

= ,
=
=

() :

n-1

K =

j (1-)(1+)

-j

j=0

j=1

n-1

K =

+ Dj (1+)-j + [S(1-) + ](1+)-n - K

n
-j

j (1-0,4)(1,18) + (1,000.0005-100.000)*0,4(1,18)-j + [1.500.000(0,05)(1-0,4)+0](1,20)-5 - 1.000.000

j=0

j=1

n-1

K =

j (0,6)(1,18)-j + 225.144 + 18.086 - 1.000.000

j=0

n-1

K =

j (0,6)(1,18)-j - 756.770
j=0

j = j
D j = () j
S = () n
()
=
= ,
= ,

,
, :

45

n-1

300.000=

j (0,6)(1,18)-j - 756.770
j=0

n-1

j (0,6)(1,18)-j = 1.056.770
j=0

j = 477.313
, 1.500.000
,
477.313 .

,
:
n

K =

Dj (1+)-j - [S(1-) + ](1+)-n + K

j=1

K =

[( 1.500.0005-150.000)0,4(1,18)-j] - [(1.500.000)0,05(1-0,40)+0]*
j=1

*1,20-5+1.500.000=-323.028-18.086+1.500.000=1.144.198



. :
n-1

1.144.198 =

-j

j (1-0,4)(1,18)
j=0

j = 516.801

1.500.000 516.801 .

477.313
, 516.801 .
477.313 516.801 ,
.

477.313 516.801
, ,

46

 . ,
( .,
2001).

4.3 &
,
. ,
leasing
, ..
, .

leasing
,
.

1262/82.
(1892/1990 ( 19), 2601/1998 3219/2004),
leasing,
10
.

leasing
. leasing

2% .

:
 19% ,
.. 13%
leasing, ( ).
 ()

.

47

 (,
) .
 , Rent-aCar .
 ,
.
(www.ethnolease.gr)

4.4
, leasing
.
, ,
, ..
15% . leasing, leasing

45% 4 ,
, , 55%
(100-45).

leasing
.
10% 20% ,
,

, () leasing
.

, 1990,
.
.. 33,3%,
20%.

10
, ,
, .
( 1990),
leasing, .

48

 leasing
, ,
,
.

, ,
leasing
33,33%
15% 20%
.
,
.

4.5 Leasing

i.

ii.

,

.

,
.. (franchisee) ,
.

iii.

,
.

iv.

( 25%) ()
,
.

v.

, .. 20% ,

49

 5. ,
(25% 4, 20%
5, 16,66% 6 )
.

vi.

,

,

.
,

(www.ethnolease.gr).

50

5.1 Leasing

.
. (, ,
..)
.
leasing.
.. 30%
. 70,
,
/ .

1972 LEASEYROPE,
Leasing. ,
leasing,

.

.

leasing ,
Citicrop, Bank of America, ..
.
leasing
, .
, City Leasing A Amro,
.
,
, .
. BNP Parribas
Lease Group , Leasing
leasing Crdit Agricole,
.

51

 A Amro Leasing 2002,

City Leasing Leasing. Credit
Lyonnais leasing ,
, Crdit
Agricole BNP Parribas (www.kathimerini.gr).

297,5 leasing 2006,

,
175,2 . 53,5 , 18,5
, 17,2 7,2 .
250,7 leasing
. , 2006
55 , 50,4 ,
48,1 36,1 .
27,5 . Benelux 28,8
18,1 , CEE 33,4
.

LEASING 2006

UK

55,0

50,4

297,5

48,1

53,5

36,1

17,2

BENELUX

28,8

18,5

27,5

7,2

NORDIC

18,1

CEE

33,4

175,2

: Leaseurope

52

5.2 Leasing

leasing,
,
leasing. ,
, ,
. , FG Leasing
, Leasing ,
Probank Leasing.
A leasing
, .
,
leasing .
M E
, E
. ,
,
B.
H B ,

, leasing B
, .
leasing 24,
.
lpha Leasing, EFG Leasing,
Leasing, Leasing, Leasing.

. B,
Interlease, E T HVB
Hebros Leasing ( HVB Bank
Hebros Bank), EFG Leasing AFIN Leasing,
, EVECO.
,
EFG Leasing.

53

5.3 Leasing

. , leasing
, .

.
,
, Leasing
Leasing.
.
,
,
. , , ,
Sale & Lease Back , , .
, ,
1,5 . .
8 . ,
3 . .
Leasing, ,
. , ,
, 7%,
20%.
. 8-10%
,
,
.

, leasing Leaseurope. ,

.
,
leasing (EFG
Eurobank) ( ) ( ). ,
(
)

54


operating leasing.
,
.
.

leasing ,
.
leasing
leasing
.

leasing sale and leaseback,

,

leasing. ,
leasing
.

Leasing
()
(Sale & Lease Back, operating leasing ..)
.
Leasing Leasing
,
.

, leasing
, .
,
.

5.4 Leasing
1 Leasing 29 , (
thens Hilton), .
: ,
, , , .

55

 , 1 Leasing
29 . Singular Logic ,
.. , , Pricewaterhouse
Coopers BNP Paribas .

29 leasing ,

.
, .

,
, leasing

29 2008 leasing (one day forum)

.
.
.

.
leasing ,
.

2 Leasing, 2009, ,
.

,

.

, Go International,
, .

. , Leasing
, .
,
, 7%,
20%!

56

.
,
,
. , , ,
.

,
, .
,
,
.

(..
) , ( .. & ..,
). ,

( ), (www.ethnolease.gr)

, .
.
.
, ,
,
, .. ,
( ., ., ., 2002)
2008 , leasing
,
.
leasing
leasing
, , , .
leasing
,

57

. ,
, .
leasing,
, Operating Leasing.
.

58

1. . , 1994, Leasing, Factoring, Forfaiting,

Franchising, Venture Capital, -, .,
. 79, 80

2. ., ., 1982, Leasing
, ,

3. . , 1999, ,
, ,
, . 516,521,533

4. ., ., ., 2002,
, , , . 550-562

5. , 1999, Leasing, ,

6. ., 1991, Franchising, Leasing, , ...

, . 46-51
7. . , 1992, , (Financial
leasing), ,

8. . , 2001, , ,
, . 37-81

59


1. www.ethnolease.gr

2. www.Leasing gr

3. www.Trapezes.gr

4. www.acsmi.gr/xrisimi/leasing.htm

5. www.hba.gr/5publ/enimerotika/lfv.htm

6. www.in.gr/Reviews/placeholder

7. www.nbg.gr/small_medium_01.asp

8. www.kathimerini.gr/4dcgi/_w_articles_economyepix

9. dataworks.gr/credit/leasing.htm

10. www.laiki.gr/web/w3gr.nsf

11. www.laiki.com/web/w3cy.nsf

12. www.disabled.gr/lib/?p=7918-88k

13. www.aspisbank.gr/article/greek/84/101/index.htm-36k-

14. www.alphaleasing.gr/page/default.asp?id=198-18k-

15. www.patrascc.gr/enimerosi5_framme.htm-7k-

16. www.keta_de.gr/default.aspx?text_id=214-42k

60