Raiffeisenbank Austria’s leasing arm in
Croatia has increased its assets by 26 per cent over a year.

According to unaudited business results for the first nine
months of 2008, the Croatian company, part of the Vienna-based RZB
Group, recorded an organic asset growth of HRK 4.4 billion (€ 605
million), with its leasing arm performing particularly well with
assets worth HRK 2.7 billion (€ 371 million).

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The results also showed that the overall asset growth was around
12 per cent to HRK 39.7 billion (€ 5.4 billion).

The Bank’s credit portfolio at the end of the third quarter
increased 13 per cent to HRK 25.4 billion (€ 3.4 billion).

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