Raiffeisen Leasing's contract portfolio: 36m euro

Raiffeisen Leasing’s contract portfolio has come to total 36 million euros six months through the year, nearly twice higher than in 2002 (some 18.5 million euros). “We estimate approximately 35% of our turnover is currently derived from the contracts concluded throughout the country,” said Bernd Kuenzel, Raiffeisen Leasing president. Under the circumstances, Raiffeisen Leasing will open branches in Craiova, Baia Mare, Oradea and Pitesti by yearend and have another four or five units operational early in 2004 at the latest. Now in its first year in business, Raiffeisen Leasing’s network comprises offices in seven cities: Brasov, Sibiu, Timisoara, Cluj-Napoca, Iasi, Constanta and Galati. Raiffeisen Leasing provides leasing services for equipment, trucks, trailers and cars to both individuals and companies. The contracts concluded by its corporate clients account for about 90% of the total portfolio. Raiffeisen Leasing’s shareholders are Raiffeisen International Leasing Austria (50%) and Raiffeisen Bank Romania (50%). ZF