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Erste Group and DLL Form Strategic Alliance to Unlock EUR 17bn CEE Leasing Market Potential

Published: November 20, 2017; 13:02 · (Vindobona)

Erste Group Bank AG (Erste Group) and DLL (De Lage Landen International B.V.) have signed a Memorandum of Understanding (MoU) aimed at establishing a strategic alliance with respect to their vendor financing and leasing activities in Central and Eastern Europe. More precisely, the countries in scope are Austria, Bosnia and Hercegovina, Croatia, Czech Republic, Hungary, Macedonia, Montenegro, Romania, Serbia, Slovakia, and Slovenia. Through the intended strategic alliance, Erste Group and DLL aim to grow their joint business to offer best in class vendor finance solutions to their partners and customers as well as development opportunities for their employees.

In order to ensure consistent and efficient future operations

throughout Central and Eastern Europe, the MoU foresees a potential
transfer of DLL Hungary entities into Erste Bank Hungary or one of
its entities. This is subject to due diligence and agreement on the
transfer terms which is expected in Q2 2018.

On the occasion of the signing of the…

This article includes a total of 651 words.

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