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Hypo Alpe-Adria Leasing to open unit in Hungary

Austria's Hypo-Leasing Karnten has received an operating license for its new Hungarian unit, Hypo Alpe-Adria Leasing Zrt, which will soon open its doors, managing director Zoltán Kiss said yesterday. The company will specialize in corporate financing, real estate financing and financing for luxury purchases. Hypo Alpe-Adria Leasing is 99.8% owned by Hypo-Leasing Karnten, a member of the Hypo Alpe-Adria-Leasing Holding. The rest of shares are treasury shares.

The Hypo Alpe-Adria bank group is leader on the leasing market in Croatia, Slovenia and Bosnia. It is also present in Italy, Germany and Austria. The group had consolidated total assets of €23.4 billion in 2005 according to preliminary figures.