Raiffeisen Leasing has reported to have bought its competitor company “Tirana Leasing” for a non-declared yet amount of money, according to Scan TV. Tirana Leasing was initiated by Tirana Bank and the purchase will be formalized after the approval by the Authority of Competition.
Raiffeisen Leasing and Tirana Leasing are the biggest finance leasing companies in Albania based on their finance portfolio, which in overall in Albania for all leasing companies is estimated to be EUR 70 ml. By the end of 2014, another private bank, Union Bank, declared it had bought Landeslease.
With this move, Raiffeisen Bank will dominate the finance leasing activity in the country, due to its reputation and finance portfolio. In Albania, finance leasing companies are mostly used for purchasing machinery and other equipment by businesses and for purchasing vehicles by individuals.
News source: Scan TV
Photo credits: Bettina Gartner (Wikimedia) , Fleet Advice
Leave a Reply
You must be logged in to post a comment.