Erste Bank Hungary partners with Deutsche Leasing Hungaria

Deals

Erste Bank Hungary has signed an agreement with Deutsche Leasing Hungaria to cooperate on serving clients, Erste Bank Hungary chairman-CEO Radovan Jelasity said on Monday, according to a report by state news wire MTI.

Under the partnership, Erste Bank Hungary will handle front office leasing tasks, while Deutsche Leasing Hungaria will manage back-office activities, Jelasity said. Austria's Erste Group wants to bring the partnership to an international level after its launch in Hungary, he added.

Together, Erste Bank Hungary and Deutsche Leasing Hungaria have 3,000 corporate clients with leased assets worth more than a combined HUF 160 billion.

Deutsche Leasing Hungaria managing director Katalin Nyikos said the partners' number of leasing clients could "easily double" as a result of the cooperation. Leasing volume of Deutsche Leasing Hungaria and Erste Bank Hungary stands around HUF 60 bln-70 bln a year at present, she added.

Leases with a value of HUF 349 bln were signed in the first half of 2021, data from the Hungarian Leasing Association show.

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