BA-CA Leasing triples 2007 net profit

Bank Austria CreditanstaltLeasing (BA-CA Leasing), the leasing
subsidiary of Bank Austria Creditanstalt (BA-CA), more than tripled
its net profit to €40m in 2007, BA-CA Leasing said on March 19.

With a market share of 12 per cent in terms of new-business
volume, BA-CA Leasing is a leader in Austria, ahead of Raiffeisen
Leasing’s 11.5 per cent, Porsche Bank (9.2 per cent), Immorent (8.3
per cent) and BAWAG/PSK Leasing (6.4 per cent).

In vehicle leasing, BA-CA Leasing registered a growth of almost
10 per cent in 2007, ahead of the market average of 2.4 per
cent.The full takeover of fleet management subsidiary,

 Fuhrparkmanagement also had a positive impact on the
performance. BA-CA Leasing’s new-business volume in the field stood
at €296.6m in 2007, accounting for a market share of 8.4 per
cent.

In the real-estate leasing sector, the company registered
new-business volume of €259m, up by 12.7 per cent, and representing
a market share of 18.6 per cent.The entire market grew by 13.5 per
cent.

New-business volume in product leasing rose 17.7 per cent to
€231.6m and corresponded to a market share of 13.8 per cent.

BA-CA Leasing will aim to further expand its leading position in
2008, managing director Guenther Fischer said. In view of the
integration of BA-CA in the group of its parent, UniCredit, BA-CA
Leasing will be renamed UniCreditLeasing (Austria) GmbH as of May
2008.