Association “Ukrainian Union of Lessors” and National Commission for Financial Market Regulation summed up the results of the leasing market for the first quarter of 2013.
The market portfolio is constantly growing, the growth of value of the ongoing contracts is 23% or 7,8 billion UAH.
However, according to the research, the value of signed in Q1 2013 leasing contracts decreased by almost 38% against Q1 2012 and equals to 1,73 bln. UAH.
At the same time, it should be noted that about 90% of this amount was made by the member-companies of the Association, which funded in the reporting period even more than in the same period of 2012. Therefore, the decrease of the market was mainly due to the contraction of companies that are beyond and sometimes enter into big deals, primarily in the rail industry.
The highest performance among the ongoing financial leasing contracts is still in transport (57,41%), agriculture (20,26%), construction and services industries at the end of Q1 2013, whereby the share of contracts in agriculture increased by more than 4 percentage points compared with the end of Q1 2012.
Most of the leased are transport (59.90%) and agricultural machinery (16.61%).
The first quarter is traditionally not distinguished by a high business activity. At the same time, the leading leasing companies- members of the Association announced ambitious plans for 2013 – to increase funding by 10-15 percent.
The full version of the report “Results of leasing for Q1 2013” can be found here.