Raiffeisen Leasing Aval (RLA), the
Raiffeisen group’s leasing subsidiary in the Ukraine and the
county’s number one lessor by new business volumes, has received a
€58.4 million loan facility from its parent Raiffeisen Zentralbank
Oesterreich (RZB).

The transaction, registered by the National Bank of Ukraine,
will be expended over a two month period. It will provide funds for
commercial vehicles, technological equipment and agricultural
machinery for leasing, in accordance with Raiffeisen’s group-wide
policies.

‘The replacement of outdated equipment is now more needed than
ever, and this will make for the country’s recovery from the
financial crisis’, said RLA’s general manager Peter Oberauer.

RLA began in June 2006 as a subsidiary of Raiffeisen Bank Aval
(60%) and Raiffeisen-Leasing International (40%) – both arms of
Raiffeisen International Bank-Holding AG, which in turn is
controlled by RZB.