BA-CA Leasing opens representative office in Serbia and Montenegro

  • BA-CA Leasing closes last remaining gaps in its South-East European network
  • Establishment of subsidiaries as a next step
  • Second office in SEE in only one week

Bank Austria Creditanstalt Leasing (BA-CA Leasing) has opened a representative office in Serbia and Montenegro. With the addition of this office its network in South-East Europe has become even more close-knit. As recently as the start of this week, BA-CA Leasing had officially opened a representative office in Bosnia and Herzegovina. The new representative office is located in the city centre of Belgrade, its manager is Zoran Pavlovic. "We register strong interest in leasing services in Serbia. So, as a first step, we want to explore local business opportunities and, as a next step, plan the establishment of an operative subsidiary," says Helmut Horvath, BA-CA Leasing Managing Director with responsibility for international operations.

The opening of an office in Serbia and Montenegro is part of BA-CA Leasing's expansion strategy. "We are about to close the last remaining gaps in our office network, with a focus on South-East Europe," says Horvath. In August of this year BA-CA Leasing had established its latest subsidiary, "Biochim Leasing OOD" in Bulgaria.

BA-CA Leasing is a wholly-owned subsidiary of Bank Austria Creditanstalt. With an accumulated leasing portfolio in excess of EUR 5 billion, it is the largest leasing company in Austria. BA-CA Leasing also ranks among the leading providers of leasing services in Central and Eastern Europe. In this region the company maintains operative units in Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia. In 2002 BA-CA Leasing posted a record result with new business totalling EUR 1.74 billion. Two-thirds of the new business is already generated in the CEE region.

Inquiries: Bank Austria Creditanstalt Leasing
Manfred Oschounig
Tel.: +43 1/ 58808-4643;  e-mail: manfred.oschounig@ba-ca-leasing.com