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Bankholding’s Hungarian leasing companies will operate under the name Euroleasing from 2022
As of January 1, 2022, the leasing companies of the member banks of Hungarian Bankholding: MKB-Euroleasing, Budapest Leasing, Takarék Leasing and the Car Finance division of Budapest Bank will continue to operate under MKB-Euroleasing Car Leasing Kft. under a new corporate name, Euroleasing, according to a press release sent to the Budapest Business Journal.
Most of the new transactions will be concluded in the unified Euroleasing system, while the previously concluded finance contracts will continue to be managed by companies owned by Hungarian Bankholding.
At the end of 2020, the four leasing companies of Hungarian Bankholding had a significant market share of over 20% in terms of the overall newly leased portfolio. Together, the companies have an even higher market share of over 30% in the automotive and agricultural machinery rental segments.
Last October, the first result of the strengthening of cooperation between member banks, their leasing subsidiaries entered the market with Széchenyi Leasing GO! products together. In addition, interested customers can indicate their car leasing needs through certain branches of Takarékbank, as Leasing +, the car leasing program of MKB-Euroleasing, has also become available to them through this sales channel.
From January 2022, the full range of financing products for automotive, agricultural machinery, commercial vehicles and general machinery of Euroleasing will be available in the national branch networks of Budapest Bank and MKB Bank.
“Regardless, the leasing subsidiaries of Hungarian Bankholding play a decisive role in financing domestic companies, and together we will emerge in the market as a player who, as a development engine, provides the most competitive service in all segments. Thanks to developments and economies of scale, our customer service will become even more efficient and faster, and our experts will work together to support our customers by developing the best financing schemes ”, said Judit Vály, responsible for the leasing business. of Hungarian Bank.
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