A special meeting of the Board of Directors of the Association “Ukrainian Association of Lessors” was held.
On June 19, a special meeting of the Board of Directors of the Association “Ukrainian Association of Lessors” took place. Its peculiarity was that representatives of the partner project USAID Financial Sector Transformation Project, leaded by its head Robert Bond, attended the meeting for the first time.
In addition, Katarzyna Kaczmarek, an international expert with many years of experience in the field of vendor financing, who came to Ukraine under the Project program, was invited to participate in the Meeting.
Mr. Robert Bond emphasized that the Project, which started in Ukraine at the end of 2016, is planned for 4 years and support of non-bank financing is crucial for achieving the goals of successful transformation of the financial sector of Ukraine. “Ukrainian Union of Lessors” acts as a strategic partner of the Project and is an important part of its success. Mr Bond emphasized:
“As part of the cooperation with the Association, many events have already taken place, namely training programs, strategic sessions, conferences and involvement of leading industry experts. The project plans to increase the activity of the support of the leasing market, but, according to the Project representative, support will be provided only to the Association’s members”.
The representative of the Project, Ivan Vyshnevsky, described the opportunities and potential of the all-Ukrainian ranking of leasing companies, which donors propose to introduce for all lessors in Ukraine. The main advantage of ranking is its publicity, which is critical both for the effective promotion of leasing and further civilized market development. He suggested to the Board to think again about these advantages and to decide on the introduction of such an assessment in Ukraine, and the Project, for its part, promises to him every possible support.
Ms. Kachmarek shared her experience of organizing vendor financing in Central and Eastern Europe, and effective approaches to the application of such programs in the field of construction, information technology and other sectors of the economy.
Members of the Board of Directors expressed their deep gratitude to the USAID Project and the US Government as a whole for the strong support provided by the donor to the financial and leasing markets of Ukraine.
Much of the approval was received by Mrs. Kachmarek, who conducted an extremely professional strategic session, which enriched leasing companies’ top managers with new experiences.
Subsequently, a full-scale workshop on vendor funding is planned for the entire Association of Lessors.