Belarus leasing cos’ portfolio grows by 11% in Jan-Mar 2020 to Br5.703bn
<p> MINSK, May 19 - PrimePress. The total portfolio of lease contracts by Belarus’ leasing companies grew by 11% in January-March 2020 against January 1, 2020 to Br5.703 billion ($2.341 billion). The total number of effective lease contracts in Jan-Mar 2019 grew by 2.2% to Br718,610, Belarus’ Association of Lease Providers reports. </p> <p> </p> <p> The portfolio of lease contracts with corporate customers stood at Br4.805 billion ($1.972 billion) – a total of 36,642 contracts as of Mar 31, 2020 (up 9.9% since Jan 1, 2020). Lease contracts with corporate customers accounted for 84.3% of the total value of lease contracts, up 4%. </p> <p> </p> <p> The total number of personal lease contracts was up 2.1% in Jan-Mar 2020 to 385,413. The portfolio was up 18.1% to Br898.1 million ($368.6m). </p> <p> </p> <p> The portfolio of international lease contracts reduced 16.4% In Jan-Mar 2020 to Br58.7 million ($24.1m). The portfolio of leaseback contracts reduced 3.3% to Br276.9 million ($133.6m). </p> <p> </p> <p> A constant drop in the share of such agreements in the total leasing portfolio indicates a decrease in business entities’ need for external floating assets and involvement of leaseback for this purpose. </p> <p> </p> <p> The amount of contracts concluded In Jan-Mar 2020 totalled Br929.2 million ($381.3m), including 84.3% in the investment leasing segment and 15.7% in the consumer leasing segment. </p> <p> </p> <p> New contracts of Belarus’ leasing companies (the total value of lease items without VAT) accounted for Br631.6 million ($259.2 million), 20.7% in 1Q20. </p> <p> </p> <p> Total lease payments charged in 1Q20 stands at Br712.1 million ($292.2m), or 27.9% of the total in 2019. Overdue leasing fees totalled Br153.7 million ($63.1m), 2.7% of the total portfolio against 2.4% as of Jan 1, 2020. </p> <p> </p> <p> The total leasing portfolio in terms of operational leasing contracts increased by 7.4% in Jan-Mar 2020 to Br718,600 ($295,000). Operational leasing contracts accounted for 0.0126% of the total leasing portfolio, which once again indicates the lack of progress of this segment on the national scale. </p> <p> </p> <p> As of Mar 31, 2020, 109 business entities were listed in the Register of Leasing Organizations of the National Bank of Belarus. End (Br2.4365/$1) </p>
2020-05-20
Primepress
Belarus leasing cos’ portfolio grows by 11% in Jan-Mar 2020 to Br5.703bn
MINSK, May 19 - PrimePress. The total portfolio of lease contracts by Belarus’ leasing companies grew by 11% in January-March 2020 against January 1, 2020 to Br5.703 billion ($2.341 billion). The total number of effective lease contracts in Jan-Mar 2019 grew by 2.2% to Br718,610, Belarus’ Association of Lease Providers reports.
The portfolio of lease contracts with corporate customers stood at Br4.805 billion ($1.972 billion) – a total of 36,642 contracts as of Mar 31, 2020 (up 9.9% since Jan 1, 2020). Lease contracts with corporate customers accounted for 84.3% of the total value of lease contracts, up 4%.
The total number of personal lease contracts was up 2.1% in Jan-Mar 2020 to 385,413. The portfolio was up 18.1% to Br898.1 million ($368.6m).
The portfolio of international lease contracts reduced 16.4% In Jan-Mar 2020 to Br58.7 million ($24.1m). The portfolio of leaseback contracts reduced 3.3% to Br276.9 million ($133.6m).
A constant drop in the share of such agreements in the total leasing portfolio indicates a decrease in business entities’ need for external floating assets and involvement of leaseback for this purpose.
The amount of contracts concluded In Jan-Mar 2020 totalled Br929.2 million ($381.3m), including 84.3% in the investment leasing segment and 15.7% in the consumer leasing segment.
New contracts of Belarus’ leasing companies (the total value of lease items without VAT) accounted for Br631.6 million ($259.2 million), 20.7% in 1Q20.
Total lease payments charged in 1Q20 stands at Br712.1 million ($292.2m), or 27.9% of the total in 2019. Overdue leasing fees totalled Br153.7 million ($63.1m), 2.7% of the total portfolio against 2.4% as of Jan 1, 2020.
The total leasing portfolio in terms of operational leasing contracts increased by 7.4% in Jan-Mar 2020 to Br718,600 ($295,000). Operational leasing contracts accounted for 0.0126% of the total leasing portfolio, which once again indicates the lack of progress of this segment on the national scale.
As of Mar 31, 2020, 109 business entities were listed in the Register of Leasing Organizations of the National Bank of Belarus. End (Br2.4365/$1)