The leasing market has resumed growth – the Ukrainian Union of Lessors

In the 3rd quarter of 2020, the value of new agreements concluded by members of the Association increased by 48% compared to the 2nd quarter. This is also 38% more than in the same period last year.

The dynamics of new business indicates not only the recovery of the industry after the negative impact of COVID-19, but also the growth of assets, the volume of which reached UAH 6.2 billion in the quarter.

If we talk about the results of the organized market for the current year, then for three quarters the total value of contracts amounted to UAH 14.6 billion, which is 8.4% more than in the three quarters of the previous year.

The three leaders in this segment are OTP Leasing, ULF-Finance and FUIB Bank.

The structure of new agreements, from the point of view of leasing objects, has not undergone significant changes for nine months and traditionally – about 50% is occupied by vehicles. The second place in terms of volume – namely 32%, belongs to agricultural machinery. Notable, and increased, is also the railway equipment, with a share of 10%.

The portfolio of members of the Association at the end of the reporting period amounted to UAH 21.9 billion, showing an increase of 10% compared to the previous quarter. Since the beginning of 2020, leasing companies have increased this figure by almost 30 percent.

Therefore, Ukrainian lessors continue to actively finance small and medium-sized businesses, helping to meet the needs of households and individuals-enterprises, creating new opportunities for development and prosperity for all categories of lessees.