The meeting of Leasing Association of Uzbekistan was held according to the results of 2020.

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The meeting of Leasing Association of Uzbekistan was held according to the results of 2020.

On February 5, 2021, a meeting of “Uzbekistan Leasing Association” dedicated to the results of 2020 was held through video communication. During the meeting, the results of the reporting period were summed up and further tasks and priority directions for the development of the leasing market in our country were identified.

At the end of 2020, 48 lessors were actively engaged in leasing activities in the republic's leasing services market, of which 18 are banks. The total portfolio of leasing operations for the reporting period amounted to 5 trillion 673 billion soums. During the reporting period, lessors concluded 5,875 new leasing transactions, their volume amounted to 1 trillion 852 billion soums, which is 33.7% or 943.2 billion soums less compared to the same period of the last year.

The main blow of the pandemic and the forced establishment of lockdown measures fell on small and medium-sized businesses. The main clients of the country's leasing companies are small and medium-sized businesses. Many enterprises, in addition to strategically important ones, temporarily stopped their work; in general, as one would expect, the purchasing power of the population fell, exports and imports decreased. As a result, many clients of leasing companies began to delay payments, demanding deferrals and restructuring of their schedules. The demand for leasing services decreased, especially in those sectors of the economy that were affected by Covid-19: transport, tourism, catering, construction, etc. Naturally, the decline in revenues from existing projects negatively affected the implementation of new planned leasing projects in 2020.

At the end of the year, agricultural machinery is clearly the leader among objects transferred to leasing, its share in the total structure of leasing transactions has amounted to 45.5%. This is followed by the share of technological equipment, which amounted to 21.4% and the share of vehicles - 20.2%. The volume of transactions related to leasing of construction machinery and equipment is also significant - 10.5%. In turn, the indicators of real estate leasing are still at a low level and have amounted to only 2.5%.

During the period under review, the largest market participants among the leasing companies were "Uzagrolizing" JSC (723.2 billion soums), JV "Uzbek Leasing International A.O." JSC (169.8 billion soums), JV Kamaz Asia Leasing LLC (121.3 billion soums), LC Uzavtosanoat-Leasing LLC (120.9 billion soums) and LC “Asaka-Trans- Leasing” LLC (107.4 billion soums).

Among the banks, the largest lessors in the reporting period were JSCB Invest Finance Bank (120.5 billion UZS), PJSB Trustbank (18.3 billion UZS), PJSCB Turkiston (15.4 billion UZS), JSCB "Mikrokreditbank" (12.6 billion soums) and JSCMB" Ipoteka Bank "(10.6 billion soums).

As to new leasing transactions carried out during 2020, the largest share among the regions is occupied by Tashkent city - 26.9%, the second and third places are taken by Tashkent region and Kashkadarya region - 10.3% and 8.1%, respectively.

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