leasing market in terms of global financial turbulence. experience of leasing in uzbekistan...
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Leasing market in terms of global
financial turbulence.
Experience of leasing in Uzbekistan
Mustafaev Z. B.
General Director, Uzbekistan Lessors’ Association
Unstable situation of world economyUnstable situation of world economy
USA – increasing foreign debt– stagnation of the economy– unstable situation of budget funds
European Union
– “Southern Europe” financial problems – Spain, Greece, Cyprus…
China – continuous growth of GDP– structural changes, increase of domestic
consumption
N. Аmerica
$ 292.5 bln.
Europe$ 249.8 bln.
Australia
$ 12.0 bln.
37.1%
34.5%
10.9%
7.2%
S. Аmerica
$ 27.5 bln.8.3%
Africa$ 8.6 bln.
26.9% Asia$ 134.0 bln.
$ 724,4 bln.
Source: White Clarke Group
World leasing market World leasing market Y2011Y2011
Dynamics of leasing operation growthDynamics of leasing operation growthin global leasing marketin global leasing market
0,0
100,0
200,0
300,0
400,0
500,0
600,0
700,0
800,0
2005 2006 2007 2008 2009 2010 2011
582,0633,7
780,4732,8
557,3594,5
724,4
bln. USD
Source: White Clarke Group.
Growth of new leasing deals in the worldGrowth of new leasing deals in the world
-10,0%0,0%
10,0%20,0%30,0%40,0%50,0%60,0%70,0%
*64,7%
42,9% 38,9%
24,0%
**12,6% 11,1%6,8% 6,5% 4,8% 1,0%
-8,0%
*Most lease transferred trains and wagons** In Uzbekistan growth of new leasing transactions increased by 22% in comparison with 2011
2010/11 %
1993 – Obtaining of modern planes (Boeing, Airbases Ind., RJ) by “Uzbekistan Airways”, national airline through leasing services
1995 – Establishment of first leasing company in Uzbekistan, JV “Uzbek Leasing International A.O.” (shareholders: NBU, Maybank, IFC and EBRD)
1999 – Adoption of Law “On Leasing” 2002 – Decree of the President of the Republic of Uzbekistan # UP-3122
dated 28.08.2002 on measures for further stimulation of leasing system development
2002 – Project of International Finance Corporation for the development of leasing in Central Asia
2005 – Establishment of Uzbekistan Lessors’ Association 2011 – Introduction of leasing coordination department by Ministry of
Finance 2012 – Income tax exemption on leasing services until January 01, 2017
History of leasing development in UzbekistanHistory of leasing development in Uzbekistan
Why lease financing could be the innovator of Why lease financing could be the innovator of industrial processes?industrial processes?
Tax exemptions Relatively low collateral requirements Advantage in accounting Arrangement of the lease repayment schedule
based on the client's needs Possibility of getting the equipment in a short
time Ability to use additional services (insurance,
logistics)
Dynamics of lease portfolioDynamics of lease portfolio
0
200
400
600
800
1000
1200
1400
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
37 45149
245337
818
1 122 1 1351 258
1 297
bil. UZS
Structural reorganization of lease objectsStructural reorganization of lease objects
5,5%
94% 0,5%
Y2000
24,4%
33,1%
29,4%
13,1%
Y2012
Technological equipment
Agricultural equipment
Vehicles
Property
Distribution of lease transaction by types of Distribution of lease transaction by types of technological equipmenttechnological equipment
20122012
0,3%
0,9%
2,0%
6,0%
8,4%
9,0%
12,7%
15,9%
17,7%
27,2%
0,0% 5,0% 10,0% 15,0% 20,0% 25,0% 30,0%
Office equipment
Woodworking
Printing
Trade
Light industry
Medical equipment
Food production
Others (chemical, energy)
Construction and construction materials production
Melioration
Uzbekistan leasing market playersUzbekistan leasing market players
2005 2006 2007 2008 2009 2010 2011 2012
Number of lessors
28 33 49 64 86 83 84 99
2012 Total
Banks 26
Leasing companies 73
Prospects of introduction of operational Prospects of introduction of operational leasing in Uzbekistanleasing in Uzbekistan
Vehicles and inexpensive and saleable types of equipment
Meeting the client’s needs by constant technological re-equipment
Customer loyalty and possibility for future larger deals
Possibility of getting additional margin byfurther leasing operations
Making profit from the sale of the leased object
Innovative methods used by Innovative methods used by leasing companies of Uzbekistanleasing companies of Uzbekistan
Call system
GPS monitoring
Future projects for provision of Future projects for provision of leasing servicesleasing services
World aspiration to reduce harmful emissionsReduction of dependence on petroleum and nuclear powerRenewable energy industry creates additional jobsMore and more consumers not only support, but also require “green energy”
Production - renewable energy- wind power plant- reduction of energy consumption
Future projects for provision of Future projects for provision of leasing servicesleasing services
Transport - trains and wagons
Agriculture - efficiency of water resources utilization- leasing of drip irrigation systems- new technologies in livestock, poultry- processing and storage of agricultural products
4th Floor, InternationalBanking & Finance Center1, Beshyogoch Street Tashkent, 100066Republic of Uzbekistan
Tel.: (+998 71) 120-02-02 (+998 71) 140-77-44 (+998 71) 140-77-46 Fax.: (+998 71) 140-37-74E-mail: [email protected]
Our address:Our address:
Thank you for attention!Thank you for attention!