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“UniCredit” Leasing financed the largest object in the Latvian leasing market

20. October 2014

A large-scale contract was concluded between UniCredit Leasing and Arsava regarding the financing of a mobile crane. With the amount of 6 million euros it is the larget object in the Latvian leasing market.  

The new mobile crane Liebherr LG1750 is a complete novelty in the Baltic States (the height of the boom is 153 metres), and it can lift a load of 400 tonnes. The company Arsava is one of the largest and most developed companies renting mobile lifting machinery in the Baltic States.

The leasing company UniCredit Leasing is a part of the financial group UniCredit Bank Austria and is active in the Latvian leasing market since 1998. During the last years UniCredit Leasing expanded its operations in the Baltic region, creating a Pan-Baltic Leasing with branches in all three countries.

Last year, UniCredt Leasing has actively contributed the Baltic countries economic development. Supporting the local economy, by investing 84 % of the total lease portfolio in the small and medium-sized enterprise sector. The company has managed to increase the rental portfolio by 25 %. UniCredit Leasing is one of the 50 largest taxpayers in Latvia and provides more than 70 jobs. Last year, the company provided EUR 2,38 Mio. profit.

Source UniCredit Leasing and Klientu portfelis