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Leasing market in terms of global financial turbulence. Experience of leasing in Uzbekistan

Leasing market in terms of global financial turbulence. Experience of leasing in Uzbekistan Mustafaev Z. B. General Director, Uzbekistan Lessors’ Association. Unstable situation of world economy. World leasing market Y2011. $ 724,4 bln. 7 .2%. Asia $ 134.0 bln. 26.9 %. Europe

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Leasing market in terms of global financial turbulence. Experience of leasing in Uzbekistan

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  1. Leasing market in terms of global financial turbulence. Experience of leasing in Uzbekistan Mustafaev Z. B. General Director, Uzbekistan Lessors’ Association

  2. Unstable situation of world economy

  3. World leasing market Y2011 $ 724,4bln. 7.2% Asia $ 134.0 bln. 26.9% Europe $249.8 bln. N. Аmerica $ 292.5bln. 37.1% 34.5% Africa $8.6 bln. 10.9% S. Аmerica $ 27.5 bln. Australia $ 12.0 bln. 8.3% Source: White Clarke Group

  4. Dynamics of leasing operation growthin global leasing market Source: White Clarke Group.

  5. Growth of new leasing deals in the world 2010/11 % *Most lease transferred trains and wagons ** In Uzbekistan growth of new leasing transactions increased by 22% in comparison with 2011

  6. History of leasing development in Uzbekistan • 1993 – Obtaining of modern planes (Boeing, Airbases Ind., RJ) by “Uzbekistan Airways”, national airline through leasing services • 1995– Establishment of first leasing company in Uzbekistan, JV “Uzbek Leasing International A.O.” (shareholders: NBU, Maybank, IFC and EBRD) • 1999–Adoption of Law “On Leasing” • 2002 – Decree of the President of the Republic of Uzbekistan # UP-3122 dated 28.08.2002 on measures for further stimulation of leasing system development • 2002 – Project of International Finance Corporation for the development of leasing in Central Asia • 2005– Establishment of Uzbekistan Lessors’ Association • 2011–Introduction of leasing coordination department by Ministry of Finance • 2012 – Income tax exemption on leasing services until January 01, 2017

  7. Why lease financing could be the innovator of industrial processes? • Tax exemptions • Relatively low collateral requirements • Advantage in accounting • Arrangement of the lease repayment schedule based on the client's needs • Possibility of getting the equipment in a short time • Ability to use additional services (insurance, logistics)

  8. Dynamics of lease portfolio bil. UZS

  9. Structural reorganization of lease objects

  10. Distribution of lease transaction by types of technological equipment 2012

  11. Uzbekistan leasing market players

  12. Prospects of introduction of operational leasing in Uzbekistan • Vehicles and inexpensive and saleable • types of equipment • Meeting the client’s needs by constant technological re-equipment • Customer loyalty and possibility for • future larger deals • Possibility of getting additional margin by further leasing operations • Making profit from the sale of the leased object

  13. Innovative methods used by leasing companies of Uzbekistan • Call system • GPS monitoring

  14. Future projects for provision of leasing services • World aspiration to reduce harmful emissions • Reduction of dependence on petroleum and nuclear power • Renewable energy industry creates additional jobs • More and more consumers not only support, but also require “green energy”

  15. Future projects for provision of leasing services

  16. Our address: 4th Floor, International Banking & Finance Center 1, Beshyogoch Street Tashkent, 100066 Republic of Uzbekistan Tel.: (+998 71) 120-02-02 (+998 71) 140-77-44 (+998 71) 140-77-46 Fax.: (+998 71)140-37-74 E-mail: info@ula.uz www.ula.uz

  17. Thank you for attention!

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