Raiffeisen Leasing International (RLI), the holding company of
the Raiffeisen Leasing network in Central and Eastern Europe, has
signed a vendor finance agreement with NACCO Materials Handling
Limited, a lift truck manufacturer.
Vendor financing is becoming increasingly popular in the CEE, as
it offers greater advantages and safety for new suppliers or
financiers coming into the market.
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NMHL’s customers will gain from a range of financing products
provided by RLI and the company will also gain support to grow its
business through new sales channels in the CEE region.
RLI will finance NMHL’s handling equipment (forklifts) and will
operate under a co-brand in each CEE market. In the past five
years, NMHL has expanded its dealer network and consequently seen
120 per cent growth in the sales of trucks alone. Meanwhile, RLI’s
new business grew over 54 per cent to €3bn and its balance sheet
increased by 49 per cent to €4.6bn in 2007.
Martin Lagler, international vendor finance manager at RLI said:
“This cooperation is a big success for Raiffeisen-Leasing
International. The deal will further support our position as the
leading international provider of leasing services in CEE.
Furthermore, we expect substantial business volumes from the
cooperation once it is fully in place in all countries.”
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