Rus News Journal

Leasing drives a wave

rates of increase of the market have exceeded a historical maximum

Yesterday rating agency Expert RA has published results of research of the Russian market of leasing following the results of 2006. Growth of the basic indicators has appeared the greatest for last five years that, according to analysts of agency, means the beginning of a new wave of growth of the market of leasing. Participants of the market notice that market growth entirely depends on interest of state companies to leasing.



In 2006 the volume of loans under leasing transactions has made 14,7 mlrd against 8 mlrd dollars in 2005, and the leasing share in gross national product for a year has grown with 0,99 to 1,5 %. the Market left on a new stage of growth, - the director of department of ratings of financial institutions " considers; Expert RA Pavel Samiev. - the First cycle which has begun in 2001, in 2005 has come to the end with a wave of an investment demand and updating of fixed capital.

the Impressing gain of volume of new transactions and the financed means in 2006 became the base of steady and fast growth on the nearest some years. Now we actually observe the beginning of a wave of a new cycle .

As the analyst of rating agency " has informed daily; Expert RA the Novel Romanovsky, a new wave can last any more five, and ten years, thus rates of increase of the market in separate years can reach 150 %. In opinion g - on Romanovsky, market growth has been substantially caused by surplus of liquidity at banks and necessity of placing by them of the available assets .

Thus, it agree to the research data, the basic share of transactions in 2006 has had on leasing railway traction and a rolling stock, and also leasing of cargo and automobile motor transport. The specified segments almost have doubled the share in the market in comparison with 2005 and have in aggregate made about 50 % of the market. By estimations of analysts Expert RA the segment of leasing of a railway transportation has potential of double growth in absolute expression by 2010, except that, good prospects are at real estate and agricultural machinery leasing.

however participants of the market are assured that rates of increase of an order of 90-100 % what were in 2006, it is possible to wait only in it. rate of increase of volume of new business in a segment of market leasing most likely will start to be reduced since 2008 to sizes within 50 % - the director for development of leasing company Europlan Alexander Mihajlov speaks. Feature of the Russian market is that tactical transactions and intraholding leasing make on its dynamics strong impact. Such contracts have not always market character, and their volume is difficult for predicting. Possibly, in some years the volume of new business in leasing will correlate more with market tendencies of investments into fixed capital, as in the West - Alexander Mihajlov considers.

And the general director of the company Avant-guard - Leasing Alexander Kozhevnikov is assured that rates of increase can be ready above. considering that the market yet very big (20 mlrd the dollars to the European measures not so it are a lot of), carrying out of several large transactions can increase its turns and in two, and three times, - Alexander Kozhevnikov considers. - While most actively shown in the market of leasing from state companies only by the Russian Railway, but the desire to enter this market declared also the Russian Open Society UES of Russia and only two - three stations for the Russian Open Society is already double growth of the market of leasing .

the Largest leasing companies in 2006

< >

LK Uralsib

> 10845 < >

17

the Place the Company the Portfolio on 01. 01. 07, million rbl.

1

VTB - Leasing

32641,1

2

the Alpha - Leasing

28231,5

3

RTK - Leasing >

4

Business an alliance

23190,5

5

the Highway of Finans

22752

6

Russian - the German leasing company

21715,6

7

Ilyushin Finans Ko.

19188,9
18445,6

9

the Center - the Capital

15601

10

Avant-guard - Leasing

14071,7

11

LK KAMAZ

11518

12

13

RB leasing

9080

14

the Europlan

8480

15

the Globe - Leasing

7781,3

16

NOMOS - Leasing

Interlizing

6696,4

18

Rosdorlizing

6013

19

the Company of retail crediting. Leasing

4375

the Source: Expert RA