Founding of VB-Leasing International Holding GmbH as a 100% subsidiary of Österreichische Volksbanken-AG (ÖVAG).
Stake acquired in LB Leasing in Slovakia (later VB Leasing Slovakia). Founding of leasing subsidiaries in the Czech Republic, Hungary and Slovenia as well as a joint venture with Porsche Bank (SK Auto Leasing spol. s r.o. Bratislava).
VR-LEASING AG acquires a 25% (+1) share of VB-Leasing International Holding GmbH.
A leasing subsidiary is set up in Croatia along with a joint venture with Porsche Bank in Croatia (Pet Plus Leasing d.o.o.).
Acquisition of a 25% stake in Lombard Lízing Hungary. Acquisition of 51% of Dolnoslaskie Towarzystwo Leasingowe S.A. in Poland (later VB Leasing Poland). Termination of the joint venture with Porsche Bank through the sale of SK-Autoleasing spol. s r.o.
Shareholding held by VR-LEASING AG in VB-Leasing International Holding GmbH increased to 50%. Termination of the joint venture in Croatia with Porsche Bank based on the acquisition of the joint venture company Pet Plus Leasing d.o.o.
Founding of VB Leasing Serbia.
Founding of FB-Leasing Russia.