Getin Holding bought VB Leasing Romania IFN and VB Leasing Poland from Austria’s VB-Leasing International Holding for EUR38.9 million. Getin paid around EUR12.4 million for the Romanian company. The transaction was finalized in September.
Getin Holding entered the Romanian market last year, when it bought lender Romanian International Bank (RIB).
VB Leasing Romania IFN is one of the top six players on the local market and operates through seven branches.
The bank and the leasing company will be part of the same group but will operate as separate entities.