Tatra-Leasing, a subsidiary of Raiffeisen Group-owned Tatra Bank
in Slovakia, saw 2008’s year end profits down 29.9 percent
year-on-year, despite a 12.2 percent rise in new business to reach
a value of €332.6 million.
Machinery, heavy equipment and rolling stock made up 44.6 percent
of new business, with trucks and trailers second at 19.3 percent
and cars and LCVs making up 13.1 percent.
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Shareholders of met this month to decide on the distribution of
last year’s €1.82 million profit.
It was decided that 27.5 percent – around €500,000 – would be
allocated to the company’s partners, with the rest transferred to a
store of retained earnings.
According to a statement from the company, it expects the hardest
times are yet to come. In line with more widespread speculation
about an upcoming worsening of the financial situation for the CEE
region, it predicted that the second half of 2009 would bring
significant difficulties.
Fred Crawley
