Hypo Alpe-Adria to turn Budapest office into subsidiary to back expansion

Deals

Austria's Hypo Alpe-Adria-Leasing Holding, the leader on Hungary's market for boat and aircraft leases, plans to convert its Budapest office into a wholly-owned subsidiary, president Josef Kircher said in Vienna on Monday, the Austrian press agency APA reported.

The conversion is intended to boost the company's market presence. The Budapest office currently employs 18 people, but, as a result of the conversion, more offices will be opened in the cities of Szeged, Debrecen and Győr next year, Kircher said.
Hypo Alpe-Adria-Leasing expects to finance €25 million worth of leasing contracts this year and aims to quadruple this amount next year. It plans to retain its leading position on the boat and aircraft leasing market, while increasing its presence on the real estate leasing market, Kircher said.
On the property market, Hypo Alpe-Adria-Leasing mainly finances corporate purchases or big purchases by wealthy individuals. Hypo Alpe-Adria-Leasing's parent is leader on the leasing markets in Croatia, Slovenia and Bosnia.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.