Piraeus Leasing Bulgaria S.A. was founded at the beginning of 2005 and is 100% property of Piraeus Bank S.A., Greece. The daily activity is carried out through Piraeus Leasing S.A., as well as through Piraeus Auto Leasing Bulgaria S.A. (a subsidiary specializing in leasing of cars). At the beginning of 2006 the subsidiary was accepted as member of the Bulgarian Association for Leasing (BAL) and thus contributes to the development and upgrading of the regulations and investment climate in the country. By the end of 2006г. Piraeus Leasing has financed deals for more than 74 million Euros, has a 5.93% market share and is fifth biggest leasing company in the country.