The Ukrainian leasing market is growing for the fifth year in a row, and the size of the portfolio of leasing companies during 2019 increased by almost 11% – to UAH 27.75 billion compared to 2018.
The value of leasing agreements concluded during the last year increased by 14.5% compared to 2018 – up to UAH 24.65 billion. Compared to 2017, the growth was 92%.
“The steady positive dynamics of the leasing market in recent years is caused by a number of favorable factors, including the stability of the hryvnia, the active entry of Ukrainian producers into European markets, economic liberalization and financial literacy of individuals and businesses. Getting acquainted with the peculiarities of financial leasing as a financing tool allows small and medium-sized businesses to take advantage of its availability and benefits over credit, “- said the association” Ukrainian Association of Lessors “.
Moreover, last year banks began to promote leasing services on their own.
“The introduction of this area will allow the bank’s customers to receive additional financing tools to upgrade and expand the fleet,” – explains the director of the marketing department of one of the banks.
It is also noted that last year especially popular areas of sales with this tool were railway cars and gondola cars, cars and trucks, agricultural machinery and agricultural equipment: tractors, combines, drills.
“To reduce the cost of financing for customers, banks are leasing cost compensation programs with manufacturers and suppliers of equipment,” – said in a statement.
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