Yesterday, CSOB Leasing and Volksbank Leasing International reached agreement for CSOB Leasing to acquire all the shares of Volksbank Leasing Slovakia and its insurance brokerage subsidiary, Volksbank Sprostredkovatel'ska.

Volksbank Leasing Slovakia is a universal leasing company ranked 7th on the Slovak leasing market with a market share of approximately 6% and a balance sheet total of approximately 170 million euro.

KBC is the clear leader on the Slovak leasing market through CSOB Leasing.

The deal, which is expected to close in 3Q15, will have no material impact on the KBC group's earnings and capital. Read the full story SLOVAKIA: KBC acquires Volksbank Leasing