Press-conference
Download
1 / 21

History Articles of Association AimsMembers of BAL Leasing market during year 2005. Market survey of BAL for - PowerPoint PPT Presentation


  • 324 Views
  • Uploaded on

Press-conference 4 April 2006. REVIEW. History Articles of Association Aims Members of BAL Leasing market during year 2005. Market survey of BAL for “new business”-2005. Leasing penetration in the economy of Bulgaria and Europe. Focus 2006(facing the law in the country ).

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'History Articles of Association AimsMembers of BAL Leasing market during year 2005. Market survey of BAL for ' - victoria


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Slide1 l.jpg

Press-conference

4 April 2006


Slide2 l.jpg

REVIEW

  • History

  • Articles of Association

  • Aims

  • Members of BAL

  • Leasing market during year 2005.

  • Market survey of BAL for “new business”-2005.

  • Leasing penetration in the economy of Bulgaria and Europe.

  • Focus 2006(facing the law in the country)


Slide3 l.jpg

History of the merger

  • July 2004 - the members of the two associations has discussed the idea of themerger on a meeting held between them.

  • January 2005 - meeting between the Board members of BARLB and BALC and signing a Memorandum of the merger

  • June - September 2005 - during Board meetings of the two associations, unanimously were approved the Board members and the Articles of the united Association /BAL/

  • July 2005 - opening of the office of BAL and welcoming the first employee.

  • 13 February 2006 - Sofia City Court has announced the decision of merger and signed BAL in the regisrty of the juridical non-profit companies.


Slide4 l.jpg

Articles of the Association

  • The Association is non-profit organisation, represented by two co-chairmen.

  • Protects the interests of all leasing companies.

  • Represents and protects the interests of the members of the Association in front of the public authorities.

  • Promotes a standing on the leasing market based on the fair competition.

  • Speeds up the introduction of the European standards and norms at the leasing market.


Slide5 l.jpg

Aims

  • Improving of the Bulgarian commercial and tax legislation concerning the leasing activities;

  • Improving of the competitiveness of the Bulgarian leasing industry;

  • Promoting of fair competition practices on the Bulgarian leasing market;

  • Collecting and publishing of quantitative data on the Bulgarian leasing market;

  • Increasing of the awareness of the Bulgarian business community and consumers on issues related to leasing products and activities;



Slide7 l.jpg

ИТА Лизинг ООД

Б.Л. Лизинг ООД


Slide8 l.jpg

Leasing market 2005

“New business”-data from market survey of BAL for 2005

Leasing penetration in the economy


Slide9 l.jpg

Leasing market size,determined by outstanding net lease receivables for the period (thousand levs)

*Data from market survey of BNB and BAL


Slide10 l.jpg

“New business” financial leasing receivables for the period (thousand levs)

*Acquisition cost

** Data from 24 companies- survey of BAL


Slide11 l.jpg

Share of machinery and industrial equipment in the part ”new business” - international comparison

Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.


Slide12 l.jpg

“New business” operational leasing ”new business” - international comparison

** Data from 24 companies-market survey of BAL

* Acquisition cost


Slide13 l.jpg

Leasing penetration ratio ”new business” - international comparison

Source: BAL for New bisuness, NSI for Investments

The leasing penetration ratio is defined as of New Business towards General Investments


Slide14 l.jpg

Ratio of leasing penetration- international comparison ”new business” - international comparison

Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.


Slide15 l.jpg

Proportion of net lease receivables towards GDP ”new business” - international comparison

Sources: Market survey of BNB, BAL and data from NSI


Slide16 l.jpg

Proportion of net lease receivables towards GDP- international comparison

Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.


Slide17 l.jpg

Share of machinery and industrial equipment in the sector”new business” - international comparison

Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.


Slide18 l.jpg

FOCUS 2006 sector”new business” - international comparison

Review of the law regulation in the country related to the leasing business


Slide19 l.jpg

VAT act draft for 2007 with included proposals of BAL sector”new business” - international comparison

  • Definition of supply - art.6, par.2

  • Reservation of the regime regarding the tax assets of financial leasing for deliveries, accomplished before the law was effective- art.25, par.2 (1).

  • Right of full tax credit for deliveries of goods, given in the conditions of financial leasing contract -art.69, par.2

  • Exemption the tax base of duties and insurances of goods, regarding financial leasing contracts -art. 26, par.3


Slide20 l.jpg

Consumer Credit Act draft sector”new business” - international comparison

  • Accomplished missions - precised definitions, reasonable degree of protection of the consumer when the contact was ceased.

  • Current process of changing - cancellationof the prohibition regarding the securutization of the consumer credit with instruments and promissory notes.


Slide21 l.jpg

Further goals sector”new business” - international comparison

  • Changes of the Civil Law

  • Law for the Corporate Taxes


ad