Rating agency “Expert Rating” confirmed rating of the VAB Leasing bonds issue at uaBBB+ national scale. A debt instrument with a rating of uaBBB+ has sufficient creditworthiness as compared to other Ukrainian obligors or debt liabilities. The level of creditworthiness affected by adverse business, financial and economic conditions. Confirming the credit rating agency was guided by the results of the Company for 2012.
During the period from 01.01.2012 till 01.01.2013, the Company has increased the scale of activity. The assets for were 2012 increased for 12%. An active policy of attracting new customers helped to increase annual revenues for 28% compared to the same period in 2011.
Analysis showed growth in the portfolio of leasing contracts of the Company in 2012 and the improvement of the temporal structure of the portfolio – the cost of leasing contracts with the leasing term more than 12 months, increased by 8%.
The company operates profitably. In 2012 financial income of the company increased for 28%. During the same period, equity rose by 11%.
These figures continue to show a steady increase in the volume of the Company and its stable financial condition.
Background
VAB Leasing was registered in November 2005. VAB Leasing provides financial leasing services of transport (cars, trucks, buses), machinery, equipment and operational leasing cars, leasing services with service to legal entities and individuals. VAB Leasing charter capital is 35.35 million UAH.