A meeting of Uzbekistan Lessors Association dedicated to the results of the half-year of 2018 was held on July 12, 2018 in the building of the International Banking and Finance Centre. During the meeting, the results of the reporting period were summed up and further tasks and priority directions of development of the leasing market in our country were determined.
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According to the results of the first half of 2018, 50 lessors were actively engaged in the leasing market of the republic, 18 of them are banks. The total portfolio of leasing operations for the reporting period amounted to 3 trillion 504 billion soums. During the reporting period, less than 3 280 new leasing transactions were concluded by lessors, their volume amounted to 779 billion soums and they have a tendency to increase.
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Among the objects that are leased, the technological equipment is leading, the share of which in the general structure of leasing transactions was 33.3%. The volumes of transactions related to the leasing of agricultural machinery — 30.7%, motor transport — 22.1% and real estate — 13.9% are significant as well.
During the period of review, the largest market participants among the leasing companies were “O’zagro Leasing” (229.0 billion soums), “Uzbek Leasing International A.O.” (90.6 billion soums), “O’zavtosanoat Leasing” (87.0 billion soums), “O’zmeliomash Leasing” (44.0 billion soums), and “Qurilishmashlizing” (37.0 billion soums).
Among the banks, the largest lessors of the reporting period were “Ipoteka Bank” (23.3 billion soums), “Ipak Yo’li Bank” (13.6 billion soums), “Trast Bank” (13.5 billion soums), “KDB Bank” (10.1 billion soums), “Davr Bank” (9.6 billion soums).
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In the new leasing transactions carried out during the first half of 2018, the largest share among the regions is occupied by Tashkent city — 30.9%, in the second and third places there are Kashkadarya region and Surkhandarya region — 12.2% and 9.2% respectively.
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Also, international financial institutions — the Asian Development Bank (ADB), the International Finance Corporation (IFC) and the Islamic Corporation for Private Sector Development (ICPSD), at the meeting expressed their desire to cooperate with the lessors of Uzbekistan (leasing companies and banks) for providing credit lines to the leasing sector of Uzbekistan in order to finance leasing projects of private and small business entities.
On a separate note, the representative of the ICPSD — Mr. Mohamed Mannai — mentioned about the development of the project on the creation of the “Islamic Window” with the introduction of a wide range of Islamic banking and leasing services in Uzbekistan.
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