FOCUS SHORT

New leasing firm arrives in Slovakia

THE NUMBER of leasing companies operating in Slovakia has grown by one with the addition of an affiliate of the Czech firm s Autoleasing in May. The company, which has been operating in the Czech Republic since 2004, entered the Slovak market via a wholly-owned subsidiary called 's Autoleasing SK'. The company is part of the international Erste Group and is offering Slovak clients consumer loans to finance new as well as used passenger and commercial vehicles, the SITA newswire reported, citing the leasing company.

THE NUMBER of leasing companies operating in Slovakia has grown by one with the addition of an affiliate of the Czech firm s Autoleasing in May. The company, which has been operating in the Czech Republic since 2004, entered the Slovak market via a wholly-owned subsidiary called 's Autoleasing SK'. The company is part of the international Erste Group and is offering Slovak clients consumer loans to finance new as well as used passenger and commercial vehicles, the SITA newswire reported, citing the leasing company.

S Autoleasing SK primarily cooperates with AAA Auto, a seller of used cars which is also a significant business partner of its parent company in the Czech Republic.

The parent company s Autoleasing describes itself as one of the five biggest leasing companies in the Czech Republic. In 2012 its market share was 7.4 percent.

S Autoleasing SK is a member of the Association of Leasing Companies of the Slovak Republic (ALS SR), which groups around 40 banking and leasing companies. The association was launched in 1992 and is a member of Leaseurope, the European Federation of Leasing Company Associations.

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