KBC expands in Central Europe

KBC Group has announced a significant expansion in its leasing activities in Central Europe, with a €72 million deal to acquire two businesses in the Czech Republic and Slovakia which sees the company strengthen its market position in both countries.

The agreement is between Business Lease Group, which is part of AutoBinck Group and is a leading provider of operational leasing and fleet management, based in Prague, and ČSOB Leasing Czech Republic and ČSOB Leasing Slovakia, which are both part of KBC Group’s Czech and Slovak divisions.

Johan Thijs, CEO of KBC Group, explained: “This acquisition marks again an important step forward in KBC Group’s strategy to strengthen our already strong position in both Czech Republic and Slovakia.

“By integrating Business Lease with ČSOB Leasing, we are creating a powerful fleet in both markets: around 15,000 operating leasing vehicles in Czech Republic becoming a top 5 player and around 10,000 operating leasing vehicles in Slovakia becoming a top 3 reference player. The combined entity will be able to further increase operational efficiency, optimize customer experience and unlock substantial synergy benefits, including cross-selling opportunities.”

The acquisition is still subject to approval by the relevant antitrust authorities and is expected to close in Q1 2026.

Daniel Kollár, CEO of KBC Group’s Slovak Division, added: “Five months after announcing the agreement to acquire 365.bank, we are pleased to announce—together with our shareholder—another strategic acquisition in the Slovak market. This move not only reinforces our strong market position but also demonstrates our ambition to expand and pursue growth opportunities across all segments. The acquisition of Business Lease will further strengthen our leadership in the leasing market, particularly in the area of operational leasing, where we will become an even stronger partner for the logistical needs of Slovak companies.“

Vincent Weijers, CEO of Autobinck Group, said: “Over the years, the Business Lease team has built a strong and successful presence in five European markets. Amid rapid market consolidation, partnering with larger players offers the best path for future growth. The sale of the Czech and Slovak operations to KBC marks the first step in that direction.”