Raiffeisen Leasing finances 20m-euro acquisitions in H1

Raiffeisen Leasing, part of financial group Raiffeisen Bank, financed 450 contracts for the acquisition of equipment, vehicles, and properties in the first half of the year, with a cumulated value of 20.2 million euros. Compared with last year, when the company saw its turnover slow down abruptly, the volume of funding in the first half of 2010 was 200% higher.
“The current macroeconomic context prompted us to make major decisions. The biggest challenges in 2010 have been to integrate financing through leasing into Raiffeisen Bank’s product offer,” said Felix Daniliuc, general manager of Raiffeisen Leasing. Funding for vehicles dominated in the first half, accounting for 49% of the total, while equipment funding accounted for 44%, and properties for 7%.
In 2009 the company’s turnover had collapsed, with the value of funded goods down to a mere 10.8 million euros from 191 million euros in 2008.
Raiffeisen Leasing focuses its business on corporate clients, with individual clients accounting for less than 1% of the portfolio.