The two companies signed the agreement in October 2013 and Romania’s Competition Council approved the transaction in December 2013.
The portfolio taken over from ING Lease includes vehicles (49.7%), equipment (31.6%) and real estate (18.7%).
Raiffeisen Leasing is part of Austrian group Raiffeisen and has been operating on the Romanian market since 2002.
ING Lease Romania is entirely held by ING Lease Holding NV. In September 2012, ING Lease announced it had decided to restructure its leasing operations in several European countries, including Romania.