CARIC: Erste Bank to become majority owner of S-Leasing soon

(Slavko Caric)

Slavko Caric, chairman of the Executive Board of Erste Bank Serbia, announced that the bank would become a majority owner of S-Leasing within the next ten days.

S-Leasing was established in July 2003 as one of the first leasing companies in Serbia. Its founders are a bank from Graz (Steiermarkische Bank und Sparkassen AG) and one of the most important leasing companies in Austria (Immorent AG) that owns 100% of the company.

S-Leasing celebrated its tenth anniversary of operations in Serbia on Wednesday. On that occasion, the company announced in a release that they had so far concluded over 17,000 contracts in Serbia valued at EUR 440 million, adding that they expected their business to grow 10 to 15 percent a year.