OREANDA-NEWS. October 13, 2011. At Raiffeisen Leasing Aval’s shareholders general meeting, which was held on 5 October, it was decided to increase share capital of the Company by UAH 122 million to more than UAH 180 million.

This increase was made by monetary funds transfer to LLC’s account and made by one of the participants.

“We are very grateful to our founders for the high level of trust and hope that they impose on us, but at the same time, performance requirements of our work were increased, — said Michal Spyhalski, Raiffeisen Leasing Aval’s General Director. — The best justification for such confidence are our results in 2011: we are leaders in Ukraine summarizing the first half of the year, common leasing program for Raiffeisen Bank’s Aval clients is developing, leasing program for private individuals has started”.

“Such infusion will increase financial stability level of our company, and we will have an opportunity to satisfy growing needs of our clients in financing”, — said M.Spyhalski.

Raiffeisen Leasing Aval — universal leasing company which is engaged in financing of legal entities and private individuals, providing full complex of leasing service. During the first year the company became a leader on the Ukrainian leasing market.

Raiffeisen Leasing Aval was established in June 2006 as a subsidiary of Raiffeisen Bank Aval, one of the largest banks in Ukraine, and Raiffeisen-Leasing International, a holding company with its head office in Vienna (Austria).

Raiffeisen Banking Group has 35 years experience in Central and Eastern Europe leasing market and is represented by it’s own leasing companies in 18 countries. The Group has developed over more than 125 years without a single case of bankruptcy.