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ACBA Leasing. East - Agri 2006. ACBA LEASING. Why an initiative for leasing activities in Armenia ? Credit is too much expensive in emerging markets Leasing may create sustainable economic development by increasing demand for investments

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acba leasing

ACBA Leasing

East - Agri 2006

acba leasing1
ACBA LEASING
  • Why an initiative for leasing activities in Armenia ?
    • Credit is too much expensive in emerging markets
    • Leasing may create sustainable economic development by increasing demand for investments
    • Successful experiences in other emerging markets : Lebanon, Polan…)
acba leasing2
ACBA LEASING
  • Conditions for setting up leasing activities in Armenia
    • Elaboration of a feasibility study and business plan
      • Analysis of potential markets and assessment of demand
      • Clarification of the legal, fiscal and accounting environment
    • Participation of a local operator, having important financial resources and a confirmed credibility
    • Important technical assistance funded by international donors
    • An important shareholding capital of the leasing company to be created
acba leasing3
ACBA LEASING
  • Start up of a company
    • Creation of the company :
      • date of the establishment : April 25, 2003
      • Share capital: 1 000 000 U$ represented by 100 shares
    • Funding and technical assistance
      • Loans up to 4U$ millions distributed by IFC and Calyon
      • Cooperation with ACBA Bank
        • ACBA Bank branches attract more than 30% of the leasing deals, the activity of ACBA leasing allowed to open about 100 new accounts in the books of ACBA Bank
        • Commission fee paid to ACBA Bank
acba leasing4
ACBA LEASING
  • Cooperation with Credit Agricole Group (CAC)
    • A resident advisor
    • Training courses
  • Cooperation with DAI
    • Budget of Technical Assistance
    • Seminars
acba leasing5
ACBA LEASING
  • Main characteristics of the deals
    • General conditions of lease deals :
      • Annual flat rate: 11 – 13%
      • Minimum lease period (6 months) and maximum (60 months)
      • Monthly payments
      • Imperative insurance
      • Registration of assets with Cadastre
      • Average prepayment of 25% of the cost of equipment
    • Main objects of leasing:
      • All fixed assets and equipment preferably with long technical amortization period
      • Easy recognizable, easy transferring and easy reselling assets
acba leasing6
ACBA LEASING
  • The results
    • As of the end of 2005, 180 contracts have been signed, representing:
      • 588 pieces of equipment
      • A value of 8 U$ millions
    • The structure of the lease portfolio is as follow:
      • Agriculture: 10,8%
      • Industry: 32,5%
      • Trade and services: 56,6%
    • Excellent financial results:
      • Net Incomes: 164518 A.DRAMS (≈ 369 US$)
      • Profit 2005: 122574 A. DRAMS (≈ 273 US$)
      • Total balance sheet: 1 982 404 A. DRAMS (≈ 4 448 US$)