LeasePlan has announced that its net profits for 2010 amounted to € 199 million. This is an increase of 20% compared to 2009. The total number of vehicles under management remained unchanged at 1.3 million. One of the successful elements of the company was its new internet based Dutch bank, LeasePlan Bank, helping the company to diversify its activities. CEO Vahid Daemi commented: “In 2010 LeasePlan’s performance returned to almost the levels of before the economic crisis.” He also pointed to improving vehicle market conditions, which helped reduce losses on end of contract vehicles.