{"id":5800,"date":"2019-05-28T10:31:52","date_gmt":"2019-05-28T07:31:52","guid":{"rendered":"http:\/\/uul.com.ua\/?p=5800"},"modified":"2019-10-22T11:31:29","modified_gmt":"2019-10-22T08:31:29","slug":"finansovyj-lizyng-v-ukrayini-potochnyj-stan-ta-perspektyvy-rozvytku-pres-reliz-za-rezultatamy-kruglogo-stolu","status":"publish","type":"post","link":"https:\/\/uul.com.ua\/en\/2019\/finansovyj-lizyng-v-ukrayini-potochnyj-stan-ta-perspektyvy-rozvytku-pres-reliz-za-rezultatamy-kruglogo-stolu\/","title":{"rendered":"Financial Leasing in Ukraine: Current State and Prospects for Development – Roundtable Press Release"},"content":{"rendered":"

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On May 21, a round table discussion was held on “Financial leasing in Ukraine: current state and prospects”, where key representatives of the market and regulatory bodies summarized 2018, discussed problematic issues as well as prospects for the development of the industry.<\/em><\/p>\n\n\n\n

Oleksandr Zaletov, a member of the National Financial Services Commission<\/strong>, reported that financial leasing market volume grew by 67.9% in 2018 to UAH 21.5 billion. “Deregulation has led to an increase in demand for investment in leasing organizations, and this has expanded the leasing range of financial leasing not only to transport, which has been leading for the last five years, but also to such an important sector of the economy as agriculture,” said Alexander Zaletov. At the same time, the problem of faster market development is the financing of financial leasing companies. \u00abThe problem is that there are not enough issues of bonds of leasing companies, the loans are quite expensive. In this case, the money are not rushing to this market because of a number of unresolved problems. In order to get funding into this market, it is necessary to protect the lessor, as there are issues related to fraud by some lessees. And this problem is much deeper, it must be solved by adopting a new version of the law on financial leasing, \u201d Zaletov emphasized. <\/p>\n\n\n\n

Popular\nindustries include transport and agriculture, as well as construction, mining,\nmetallurgy, services, including medicine. “These are the main areas of\nfinancial leasing,” the official summarized.<\/p>\n\n\n\n

Maryna Masich, CEO of the Association \u201cUkrainian Union of Lessors\u201d<\/strong>, confirmed that the volume of new business of the Association’s member companies is growing rapidly. \u201cThe market is developing very actively. According to our data, over the past year we have increased by 63% compared to the previous year, and before that – by 50%. This is the highest figure among other segments of the financial market and the industry’s potential is still extremely powerful, \u201d said Maryna Masich during the discussion. In her opinion, the disclosure of potential is hindered, above all, by the low level of awareness of the essence of financial leasing, its capabilities and advantages. \u201cThroughout the world, the leasing market is developing thanks to preferences and benefits. You can encourage both the lessor and the lessee, and it may be even better. We do not ask for benefits for ourselves, we ask to support the program of encouragement of those who will use the leasing, will update fixed assets, especially agrarians \u00bb- emphasized Maryna Masich. <\/p>\n\n\n\n

The\nAssociation, with the support of the USAID Financial Sector Transformation\nProject, conducts extensive educational work for small and medium-sized\nbusinesses as well as individuals, including in the form of seminars, trainings\nand fairs in major cities of Ukraine. Penetration of Ukrainian leasing (the\nlevel of penetration into capital investment) is only 6% while in the European\ncountries this figure reaches 40% and in the EU leaders more than 80%.<\/p>\n\n\n\n

Ms. Masich described as a \u201cgood sign\u201d that several leasing companies had issued bonds, and the EBRD paid special attention to Ukrainian leasing. \u201cThe recipient of the first ever loan in UAH was the leasing company OTP Leasing, which received UAH 500 million from the EBRD for the development of small and medium-sized businesses, \u201dsays Masich. This is a signal for foreign investors that in Ukraine it is possible and necessary to work, in particular, with the Ukrainian leasing.<\/p>\n\n\n\n

Ms. Masich also expressed her hope that the Draft Law on Financial Leasing No. 6395, which has been under consideration by the Verkhovna Rada for the third year, will be finally adopted by the VR. <\/p>\n\n\n\n