Steiermarkische Bank und Sparkassen has set up a leasing arm in Macedonia, S-Leasing Skopje.
The Austrian bank will invest €10 million during the first year of the new company’s operation, a spokesperson said. The lessor will offer both finance and operating leases for passenger and cargo vehicles, boats, machinery as well as construction and industrial equipment.
Sasa Boko, a director at S-Leasing, said: “We believe in the potential of the Macedonian market and with our competitive services and experience we want to help the development of the country’s economy.”
Steiermarkische Bank, which is 25 percent owned by Erste Bank, will hold a 90 percent shareholding in the new lessor. The remainder will be held by Investbanka AD, a Macedonian company in which Steiermarkische Bank is also a 96 percent shareholder.
Jason T Hesse
