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<\/figure>\n\n\n\nThe host party\nwas represented by the Bank’s management represented by First Deputy Chairman\nof the NBU Kateryna Rozhkova, Director of the Licensing Department Alexander\nBevz, Director of the Strategy and Development Department Sergey Karpenko.<\/p>\n\n\n\n
In her welcome\nspeech, Kateryna Rozhkova noted that Split aims to systematically assist\nsubordinate markets in their development, and for its part the National Bank is\nready to make every effort. The main principle of regulation of the NBU will be\nthe principle of proportionality: that is, the less risk to financial services\nconsumers, the less regulation. Among the minimal risk groups\nare, in particular, leasing companies that do not raise public funds for their\nactivities. The universal requirements for all submarkets will be transparency\nof ownership structure, protection of consumer rights and financial monitoring\nof clients. On a positive note, it was noted that there was only one industry\nrepresentative in the leasing market – professional association of lessors,\nbecause it would be more difficult to deal with disparate proposals from the\nRegulator.<\/p>\n\n\n\n The\nAssociation was represented at the meeting by General Manager Maryna Masich,\nChairman of the Board of Directors Oleksandr Koshcheev and the top-management\nof 25 participating companies. On behalf of the market, Maryna Masich praised\nthe National Bank’s continued and persistent preparation for the adoption of\nthe Split Law and welcomed the emergence of such a powerful regulator for the\nindustry. After all, it will help significantly increase market confidence from\ninternational investors and, most importantly, from potential lessees.<\/p>\n\n\n\n In addition,\nthe speaker noted that the Association of Lessors was created almost\nsynchronously with the advent of the leasing industry in Ukraine, and will\ncelebrate its 15th anniversary next year. The organization, being the sole\nmarket representative, is part of LEASEUROPE with its headquarters in Brussels.\nIt is a confederation uniting leasing associations of 31 European countries.\nThe UOL includes members that generate more than 80% of Ukraine’s leasing\nportfolio. Maryna Masich expressed her hope that approaches to regulate the\nmarket, which operates only at the expense of shareholders, will be flexible.\nAnd also that they will be differentiated, because there are quite different\ngroups of players in the industry – representatives of banking groups, captive\ncompanies, companies of direct producers of products, independent, etc.<\/p>\n\n\n\n The main obstacles to the development of the leasing Association and its participants called: lack of sufficient sources of funding in the hryvnia: low awareness of SMEs about leasing and its capabilities; lack of incentives for key industries and innovative industries; inability to work with the land as a leased asset; failure to take into account the interests of lessees in state compensation programs for agricultural producers, contrary to the world experience – the inability to finance one’s own leasing company within a banking group due to the existing regulatory restrictions of the NBU, insufficient security of the lessor in the regulatory field compared to other creditors, which puts them in unequal conditions.<\/p>\n\n\n\n If these\nobstacles are resolved, or if the first steps are taken towards their solution,\nleasing can become a powerful engine for the whole economy and contribute to a\nsignificant growth of Ukraine’s GDP. For example, small countries such as\nBulgaria and Hungary are cited, where leasing portfolios are ten times larger\nthan the Ukrainian one, and where this tool really serves as a driver for their\neconomies.<\/p>\n\n\n\n On the initiative of the organized leasing market, two bills (# 1111 and # 1218) have been registered in the Verkhovna Rada, which reflect the expectations of its participants on a number of issues – in particular, the subject of notarization of contracts, the regulation of the problem of VAT evacuation, accelerated depreciation for leasing and tooters. The Association hopes to support these bills by the Regulator. The participants of the meeting expressed their readiness to work in working groups to prepare the NBU’s regulatory framework for regulation and supervision. The market is ready to make every effort to develop constructive cooperation and increase leasing penetration into capital investment up to the level of European indicators. The first working meeting of the Association and representatives of the NBU is expected in early November 2019. <\/p>\n\n\n\n Reference:<\/p>\n\n\n\n Association \u201cUkrainian Union of Lessors\u201d<\/a> was established in 2005 as a voluntary association of professional participants in the leasing market. The main objective of the Association is \u201cto promote the development of an open and equally accessible market for operational and financial leasing in Ukraine by coordinating the activities of enterprises that have united to protect common interests.\u201d At the same time, it was announced that the Union would not serve to reach any agreement among its members on the distribution of the leasing market. The Association is a part of the LEASEUROPE <\/strong><\/a>Confederation with its headquarters in Brussels, bringing together the Associations of 31 European countries. The Association includes participants that generate more than 80% of the Ukrainian leasing portfolio. Association \u201cUkrainian Logistics Alliance\u201d was organized in 2005 by Ukrainian logistics companies to develop a logistics environment based on the principles of fair competition. Combining the efforts of various logistical organizations and enterprises helps to achieve the most effective results in the activities of the Association. <\/p>","protected":false},"excerpt":{"rendered":" On September 12, 2019, the Verkhovna Rada of Ukraine adopted the Law on the so-called “split” – the liquidation of the National Commission for Regulation of Financial Services Markets and the distribution of powers to […]<\/a><\/p>\n<\/div>","protected":false},"author":8,"featured_media":6035,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6],"tags":[208,210,209,211,162,234,203,189,77,89,202,200,201,198,196],"_links":{"self":[{"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/posts\/6034"}],"collection":[{"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/comments?post=6034"}],"version-history":[{"count":16,"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/posts\/6034\/revisions"}],"predecessor-version":[{"id":6682,"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/posts\/6034\/revisions\/6682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/media\/6035"}],"wp:attachment":[{"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/media?parent=6034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/categories?post=6034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uul.com.ua\/en\/wp-json\/wp\/v2\/tags?post=6034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"http:\/\/uul.com.ua\/wp-content\/uploads\/2019\/10\/2019-10-09-21.53.28-1024x768.jpg\")
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