Hypo Leasing Sets up Two Leasing Companies in Bulgaria

31. Juli 2006, 00:00

Hypo Alpe-Adria Bank established its foothold in Bulgaria with the setup of two leasing companies

Hypo Alpe-Adria Bank established its foothold in Bulgaria with the setup of two leasing companies. Both will be managed by the banks leasing arm Hypo Leasing.

The first company, Hypo Leasing representatives said, will deal with general leasing operations, while the second will focus on car leasing.

By the end of the year, Hypo Leasing is set to open two new outlets in Bulgaria. Leasing portfolio is expected to increase to EUR 45 million by year-end. The company currently employs 18 staff.

Hypo Alpe-Adria Bank is part of the GraWe group which owns local insurance company GraWe Bulgaria.

Eastbusiness.org
In cooperation with and under the responsibility of Eastbusiness, the business information service for Central and Eastern Europe

You can subscribe to the following newsletters
Eastexpress
CEE-Country
Share if you care.