Deutsche Leasing is the new partner within AKA's group of shareholders
With Deutsche Leasing, AKA has gained another shareholder who relies on AKA's competence and many years of expertise in Trade Finance. Deutsche Sparkassen Leasing AG & Co. KG has acquired a 2.4 percent stake in AKA.
For more than 65 years, AKA has been working successfully with many shareholder banks. AKA's close relationship, integrity and trustful cooperation are the essential foundations for its role as an enabler in the financing and administrative processing of international Export and Trade transactions. This broad base is now being strengthened even further: AKA is working alongside a shareholder who is the centre of excellence for leasing and factoring and other SME-oriented asset finance solutions and supplementary services in Germany and other countries within Sparkassen-Finanzgruppe. In its international business segment, Deutsche Leasing supports its German customers’ activities in 22 countries, including their core European export markets, as well as in China, Russia, the USA, Canada and Brazil.
AKA and its shareholders see themselves as enablers in meeting the needs of their partners and customers, and are now continuing along this path in the Export Finance market together with Deutsche Leasing.
Already today, AKA is developing into a modern, digital platform for Export and Trade Financing by preserving and updating its historical role, associated with high financial costs. Thanks to the close cooperation, AKA has the opportunity to offer the small and medium-sized enterprises's customers of the various savings banks and Deutsche Leasing a strong, complementary service portfolio.
AKA focuses on fast and digital processes for small-volume ECA financing with its online portal SmaTiX (Small Ticket Express). With this digital financing solution, AKA closes a market niche and thus helps strengthening small and medium-sized companies.
Deutsche Leasing officially joined the AKA consortium on May 1, 2020 after the shareholder banks’ regular meeting in late April.