Raiffeisen-Leasing International (RLI), a subsidiary of Raiffeisen International Bank-Holding AG, has commenced operations in the Republic of Moldova through I.C.S. Raiffeisen Leasing SRL, Chisinau. The initial share capital of the company is 500,000 euros, its sole shareholder Raiffeisen Leasing IFN SA (Romania).
The presence of one of the European leaders in leasing on the local market demonstrates the maturity of this sector in the Republic of Moldova as well as the continuous growth of the leasing market, representing a special interest for investors. Raiffeisen Leasing International comes with new technologies and new leasing products, tested and improved during the last years on other European markets. The quality indicator of the products offered by Raiffeisen-Leasing is the increased interest of our partners, which is in turn the basis of our growth«, said Michael Hackl, Managing Director of Raiffeisen-Leasing International.
I.C.S. Raiffeisen Leasing SRL will focus on leasing solutions for businesses, financing the acquisition of machinery, equipment, trucks, commercial vehicles and passenger cars and it will also provide smart and tailor-made solutions for business development. Moldova is the seventeenth market of Central and Eastern Europe where Raiffeisen International runs operations. Raiffeisen has been present on the Moldavian market with a representative office of its Romanian subsidiary since January 2006.
Raiffeisen International’s leasing units in Central and Eastern Europe are steered by the sub-group’s holding company Raiffeisen-Leasing International (RLI), which is 75 per cent owned by Raiffeisen International and 25 per cent owned by Raiffeisen-Leasing GmbH., Vienna. Raiffeisen-Leasing International has 16 consolidated leasing subsidiaries in 15 countries. Nearly 1,200 people were working for the Raiffeisen-Leasing International Group at year-end 2006. New business developed dynamically during the year, increasing by more than 44 per cent to 1,950 Euro million. Raiffeisen-Leasing International’s balance-sheet total grew by 40 per cent to 3,070 Euro million during 2006. Consequently the Raiffeisen-Leasing International Group is one of the leading leasing providers in CEE, a market with more than 320 million people.
Raiffeisen International operates one of the largest banking networks in CEE. 18 markets of Europe’s growth region are covered by subsidiary banks, finance leasing companies, two representative offices and a number of other financial service providers. Over 13 million customers are attended to through more than 3,000 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns 68.5 per cent of the common stock. The balance is free float, the shares are traded on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.