The FINANCIAL — Raiffeisen Leasing Aval (RLA), the #1 company of the Ukrainian leasing market, has received another US$ 50 million loan facility from its mother company Raiffeisen Zentralbank Oesterreich AG (RZB). A previous loan amounted to US$ 75 million and was granted by RZB to RLA at the end of October.
"In the situation, when Ukrainian banks stopped investment financing and foreign currency lending, the leasing companies are able to provide necessary financial services to Ukrainian companies ", said Peter Oberauer, RLA’s General Manager. "Two loans in total amount of US$ 125 mn will allow our company to use this opportunity and strengthen our leading position on the Ukrainian leasing market", he added.
Arthur Iliyav, Deputy Chairman of the Board at Raiffeisen Bank Aval in charge of Corporate Banking and Leasing, added: "The provision of additional funding to our leasing business once more demonstrates the anticyclical strategy of Raiffeisen. While others are pulling out, we believe that this is the best moment to show our continued commitment to the market and support for Ukraine’s best companies".
LLC Raiffeisen Leasing Aval is the Raiffeisen Group’s leasing entity in Ukraine. It was founded in June 2006 as a subsidiary of Raiffeisen Bank Aval (60%) and Raiffeisen-Leasing International GmbH, Vienna, (40%). Both shareholders are subsidiaries of Raiffeisen International Bank-Holding AG, who's majority shareholder is RZB.
According to the IFC’s annual market survey, with new business amounting to $ 160 mn in 2007, the company ranked first among all the universal leasing companies at the market.