Alfa-Leasing Ukraine LLC, part of Alfa Bank’s banking group (Kyiv), intends to increase its share in the Ukrainian financial leasing market from 7% to 21% in 2021, said the company’s CEO Larysa Vlasova at the presentation of the bond issue. organized by Cbonds.
According to her presentation, the company plans to increase its leasing portfolio this year from $ 28.7 million to $ 90 million.
The documents indicate that in 2022, Alfa-Leasing Ukraine intends to increase its market share to 26 % due to the increase in the portfolio to $ 135 million.
Last year, the company increased its portfolio from $ 24.6 million to $ 28.7 million, and market share – from 6% to 7%. Alfa-Leasing Ukraine’s net profit in 2020 amounted to $ 1.6 million compared to $ 0.6 million a year earlier.
This year, the company plans to increase net profit to $ 1.9 million, and next – to $ 3.3 million.
According to Vlasova, the target markets for Alfa-Leasing Ukraine are the markets for agricultural machinery and cars. “In 2021, we want to enter a new corporate segment, increase the average check,” said the CEO, adding that the share of such new customers this year should be about 50%.
She clarified that now the average check is $ 35 thousand, and the average advance – 36%.
“If you look at 2020, the car sales market has fallen slightly compared to 2019. The market for agricultural machinery fell by about 15%. But the leasing market has grown by about 17-19% compared to 2019, ”Vlasova said.
She also pointed out that the Ukrainian market has significant growth potential, noting that today the largest company in the market has a share of 45%.
Vlasova said that in January the company successfully placed debut bonds of series “A” for UAH 100 million with a maturity of five years with an annual offer, a quarterly coupon and a floating rate at the NBU discount rate of + 7%, in February the placement of the same series “B”, and in April – series “C”.
“Since this is our debut issue, we followed a simpler procedure – we made a closed issue. Successful placement of the first series without causing any questions. Now we have the placement of the second series, and then, in April, there will be the third series, ”Vlasova said.
As noted during the presentation, when buying bonds worth more than UAH 10 million, it is possible to provide an additional guarantee from the largest owner of the banking group – ABH Ukraine Limited, but when placing a series of “A” this option was used by only one buyer.