KBC Lease closed on March 29th, 2007 the deal to acquire 99,34% of Romstal Leasing, the largest independent leasing company in Romania.
With this move, KBC has taken another important step towards achieving its strategy of expansion in Central and Eastern Europe, its other home market.
In Central and Eastern Europe, KBC Lease is present via CSOB Leasing (Czech Republic and Slovakia), K&H Leasing Group (Hungary) and Kredyt Lease (Poland). KBC Lease occupies leading positions on the leasing market in the Czech Republic (No. 1 with a 15% market share), in Slovakia (No. 1 with a 17% market share), in Hungary (No. 6 with an 8% market share) and in Poland (less than a 1% market share).
Romstal Leasing is part of KBC Lease Holding NV, a wholly-owned subsidiary of KBC Group NV. KBC Lease Holding NV manages a European network of leasing companies providing general lease, real estate lease, full service car lease and pan-European Vendor Finance.
KBC Lease has established a presence in 13 other countries in Western and Southern Europe with leading positions in the home markets of KBC: Belgium, Central and Eastern Europe.
