Raiffeisen Leasing d.o.o.

MIGA has provided Raiffeisen Zentralbank Österreich AG of Austria a €33.25 million ($43.3 million) guarantee covering its non-shareholder loan of €35 million to Raiffeisen Leasing d.o.o. of Croatia (RLCR). The guarantee covers the risks of transfer restriction and expropriation for a period of five years.

This project is part of the overall regional expansion strategy of RZB. By expanding its operations in Croatia, RLCR will increase the availability of financing alternatives, providing leasing services to manufacturers and exporters, mostly small and medium-size enterprises. This is MIGA’s second project in Croatia with RZB.

RLCR continues to diversify its services and help the Croatian economy grow. Until now, it has focused on financing equipment and vehicles, with construction equipment for bakeries currently accounting for the largest share of the company’s portfolio. In the future, the company plans to capitalize on the strong growth of medical equipment leasing and machinery.