BA-CA Leasing Subsidiary LEASFINANZ Obtains Banking Licence

  • Specialist for sales financing now also offering loans
  • Goal for 2006: €150 million in new leasing and lending business

In addition to offering all forms of leasing financing, BA-CA Leasing’s subsidiary LEASFINANZ is now permitted to offer loans. After obtaining its banking licence, the sales financing specialist has significantly expanded its portfolio of products and has become a complete provider in the growing sales financing market. "We expect the greatest volume of new business in automobile sales. Loans are an important avenue for car dealers to boost their sales, especially for used vehicles," explains Heinz Gruber, managing director. "We also intend to considerably increase our business in the motorcycle segment."

Having been awarded its banking license by the financial market supervisory authorities, LEASFINANZ Bank is commencing full operations immediately. The managing directors of LEASFINANZ, Heinz Gruber and Michael Berger, will also be responsible for the management of the bank. The financing specialist has set its sights on an overall new business volume (leasing and loans) of well over €150 million for 2006.

LEASFINANZ, established in 1971, is headquartered in Vienna and operates seven branch offices throughout Austria to ensure optimal availability for its customers and partners. As a subsidiary of BA-CA Leasing, the specialist for sales financing (also called vendor financing and point-of-sales financing) is backed by the BA-CA network in Austria and Central and Eastern Europe, and the worldwide network of the UniCredit Group.

Further information: LEASFINANZ GmbH
Friederike Mikesch, Tel.: +43 (0)1 58873 - 4501
E-mail: office@leasfinanz.at