October 31, 2019, Kyiv, Ukraine
The public joint-stock company of JSB “Ukrgasbank” has just become a member of the Ukrainian Union of Lessors, which unites the leading operators of the leasing market. The Association already has commercial banks in it’s ranks, but it is the first state institution in its ranks, which testifies to the increasing importance of coordination of efforts within such a professional association. The members of the Association generate 80% of the national leasing portfolio today and make every effort to build a civilized market in the domestic territories.
“We are delighted to become members of the Association. We hope that our fruitful cooperation as a state bank and the Association will contribute to the development of the market and leasing conditions in Ukraine, ” said Maxim Zinchenko, Head of Leasing Department of UKRGASBANK.
JSB “Ukrgasbank” is one of the leaders in the banking sector of Ukraine. In terms of its assets, it is in the top five. The bank is almost 100% owned by the state.
The Bank has been actively offering financial leasing services since 2017. The objects of leasing from the bank may be new agricultural machinery, equipment, special equipment, railway cars, commercial transport (including cars).
Among the most famous leasing projects from Ukrgasbank are financing of vehicles for utility companies of Zaporizhzhia, Zhytomyr, Khmelnitsky, Lviv and Uzhgorod. Another major leasing project of JSB “Ukrgasbank” was financing of the Ukrainian agro-industrial company LNZ Group to create its own fleet of 108 modern grain-carrying railway wagons for grain transportation and other food cargo.
Ukrgasbank is the only bank in Ukraine that has chosen ecology as its main strategy. In 2016, he dramatically changed the vector of his development when he chose green financing as his strategic direction. The “green” direction is an innovative model in the banking sector and in the world.
“Unfortunately, Ukraine is among the top countries with the highest level of energy consumption in the world. Significant damage to our environment is the old enterprises that were operating in the Soviet era. Therefore, alternative energy in the modern world is a priority. Together with the International Finance Corporation (IFC), more than 155 large-scale projects aimed at renewing energy sources have been implemented, with the total eco-portfolio totaling 436 projects worth over UAH 21.6 billion , ”said Olexandra Moroz, the Head of Premier Banking of Ukrgasbank.
The joining of such a powerful and reliable market operator to the Association of Ukrainian Lessors Association demonstrates the significant potential of the Association in improving the conditions of conducting leasing activities and promises to strengthen it significantly.
It should be reminded that according to the results of the first half of 2019, the leasing market continues to grow steadily, and the share of members of the Association “Ukrainian Union of Lessors” is predominant in the total volume of leasing services: 80% in the portfolio, 61% in new business.
Reference:
Association “Ukrainian Union of Lessors“ – established in 2005 as a voluntary association of professional participants in the leasing market. From the same year, the Association is part of the LEASEUROPE Confederation with its headquarters in Brussels, which brings together the Association of 31 European countries. The Association includes participants that generate 80% of the Ukrainian leasing portfolio.
Media Contacts:
Association “Ukrainian Union of Lessors”
+38 044 529 46 90
+38 093 381 51 00
[email protected]
www.uul.com.ua