Deutsche Leasing strengthens its capital base
Bad Homburg, 18.09.2024
Germany’s savings banks (Sparkassen), Deutsche Leasing’s shareholders, have resolved a EUR 300 million capital increase. This additional equity is to be gradually contributed over the next three years, primarily with a view to the continued expansion of the group’s Green Finance activities. The savings banks and the Deutsche Leasing Group aim to support the energy transition and achieve further growth in the area of project financing relating to renewable energy and the expansion of green infrastructure in Germany. Overall, the goal is – in consortia with savings banks – to support energy transition and green transformation projects with a total volume of up to EUR 6 billion over the next three years.
The Sparkassen-Finanzgruppe (Savings Banks Finance Group) is solidly placed
“The trust which this equity increase reflects attests to our strong positioning as well as the Deutsche Leasing Group’s financial and strategic integration within the Sparkassen-Finanzgruppe (Savings Banks Finance Group),” says Kai Ostermann, Chief Executive Officer of the Deutsche Leasing Group. “With our stronger equity base, we intend to make a significant contribution to the energy transition, in close cooperation with our shareholders, the savings banks.”
Over the past few years, the Deutsche Leasing Group has established comprehensive expertise in its infrastructure and utilities target market and financed a large number of renewable energy and infrastructure projects. It is also developing its own green electricity projects via DAL Deutsche Anlagen-Leasing, a subsidiary of Deutsche Leasing. Together with the savings banks, it now aims to secure even broader access to this market.
“By providing Deutsche Leasing, a member of Sparkassen-Finanzgruppe, with additional equity to promote the energy transition, we are living up to our public mission and our role in the sustainable transformation process,” says Alexander Wüerst, Chief Executive Officer of Kreissparkasse Köln and Chairman of the Supervisory Board of Deutsche Leasing. “We intend to support our customers and municipalities on their path to greater sustainability and in implementing effective climate action. We are ourselves committed to more climate-friendly and more sustainable business operations.”
An expert partner in the area of transformation financing
In the field of transformation financing, the Deutsche Leasing Group operates as a solutions and service provider for Sparkassen-Finanzgruppe. It offers the savings banks tailored solutions covering a wide variety of different transformation projects – from energy efficiency and e-mobility via sustainable energy generation to energy distribution and storage.
The Group’s projects, which are structured via one of its subsidiaries, DAL Deutsche Anlagen-Leasing, and financed via another, Deutsche Leasing Finance, comprise energy generation plants in Germany and other countries – in particular, photovoltaics and wind power – as well as infrastructure assets for the distribution and storage of energy and heat, such as grids and large-volume battery storage systems.
About Deutsche Leasing
The Deutsche Leasing Group is the solution-oriented asset finance partner for the German SME sector. The company provides support for investment projects in Germany and other countries and offers a wide range of financing solutions (asset finance) and supplementary services (asset services) for current and non-current assets. The company helps its customers to finance change and innovation when it comes to the key transformative issues of our time – in the areas of decarbonisation, digitalisation and forward-looking infrastructure. As a central and international group partner, the Deutsche Leasing Group is Sparkassen-Finanzgruppe’s centre of excellence for leasing, factoring as well as other alternative forms of financing. Within this group, the savings banks in Germany are able to meet their corporate and company customers’ individual needs and offer them advice as well as financing products tailored to their specific investment projects. In its international business segment, Deutsche Leasing supports its German customers’ activities in over 20 countries, including their core European export markets as well as China, the USA, Canada and Brazil. For over 60 years, Deutsche Leasing has helped its small and medium-sized customers from industry, commerce, the service sector and the public sector to invest in innovation and transformation.