In connection with changes in the current legislation of Ukraine, namely, the entry into force on October 19, 2019 of the Law of Ukraine “On Amendments to Certain Legislative Acts to Improve Functions on State Regulation of Financial Services Markets”, part of the powers of the National Commission for State Regulation in the sphere of financial services markets was transferred to the National Bank of Ukraine.
From July 1, 2020, the NBU began to regulate insurance, leasing, factoring, microfinance companies, credit bureaus, pawnshops, and credit unions. The National Bank of Ukraine has also established that financial leasing services may be provided on the basis of a valid license by leasing companies that are financial institutions, and such services should be an exclusive activity for such companies. ILTA, which is engaged in various activities, can see how the company decided to get out of the situation, namely – optimizing its leasing business without changing the status of the company to a financial institution. ILTA started its activity as an importer.Thanks to ILTA, the automobile industry of Ukraine received the Peugeot brand’s entry into the Ukrainian market, as back in 1992 this company was the first importer and representative of this brand. In 1995, ILTA began to represent the Pirelli brand in Ukraine. Subsequently, to expand sales channels and meet the needs of corporate clients, there were such activities as operational and financial leasing of vehicles, which the company has successfully developed over the past 15 years.Subsequently, to expand sales channels and meet the needs of corporate clients, there were such activities as operational and financial leasing of vehicles, which the company has successfully developed over the past 15 years.Subsequently, to expand sales channels and meet the needs of corporate clients, there were such activities as operational and financial leasing of vehicles, which the company has successfully developed over the past 15 years.
In 2020, ILTA LLC, in connection with changes in legislation and market regulators, as well as in view of the specifics of its activities, decided to abandon the provision of financial leasing services, and, accordingly, the status of a financial institution, given the fact that, simultaneously with the activity of providing financial leasing services, ILTA LLC provides operational leasing services, administration of vehicle fleets, as well as is an official dealer of Peugeot, Citroen, DS and Opel service partners. According to the Chairman of the Company SO Mishchenko: Apart from making a profit, ILTA’s activity has always been aimed at solving the problems of our clients.It would be impossible to maintain financial leasing and all other activities that are no less important to us so that they are carried out on behalf of one legal entity. To protect the interests of partners with whom ILTA LLC has concluded financial leasing agreements for vehicles, a Purchase and Sale Agreement was signed with OTP Leasing LLC regarding the transfer of ownership rights to the subject of leasing and the rights and obligations of the lessor under financial agreements. leasing to the same extent and on the same terms (in fact, we are talking about replacing the lessor in the contracts). In this way, our clients kept their existing contracts and got an experienced and reliable new partner. At the same time, I would like to emphasize that ILTA has remained an active player in the market of operational leasing services, participates in tenders for new corporate contracts and successfully serves existing ones.
Finding new ways of development, thanks to new brands and directions, and expanding existing areas of activity, the company “Ilta”, as always, remains a successful multidisciplinary company and a reliable partner with a long-standing reputation. “
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