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.