OREANDA-NEWS. December 6, 2007. Raiffeisen-Leasing International (RLI), a subsidiary of Raiffeisen International Bank-Holding AG, has commenced operations in the Republic of Moldova through I.C.S. Raiffeisen Leasing SRL, Chisinau, the Raiffeisen International press service announced. The initial share capital of the company is 500,000 euros, its sole shareholder Raiffeisen Leasing IFN SA (Romania).

"The presence of one of the European leaders in leasing on the local market demonstrates the maturity of this sector in the Republic of Moldova as well as the continuous growth of the leasing market, representing a special interest for investors. Raiffeisen Leasing International comes with new technologies and new leasing products, tested and improved during the last years on other European markets. The quality indicator of the products offered by Raiffeisen-Leasing is the increased interest of our partners, which is in turn the basis of our growth", said Michael Hackl, Managing Director of Raiffeisen-Leasing International.

I.C.S. Raiffeisen Leasing SRL will focus on leasing solutions for businesses, financing the acquisition of machinery, equipment, trucks, commercial vehicles and passenger cars and it will also provide smart and tailor-made solutions for business development. Moldova is the seventeenth market of Central and Eastern Europe where Raiffeisen International runs operations. Raiffeisen has been present on the Moldavian market with a representative office of its Romanian subsidiary since January 2006.