The total leasing portfolio of the Belarusian leasing companies as of April 1, 2017 amounted to BYN 2,233.2 million, which is BYN 69.2 million (3.0%) less than that as of January 1, 2017.
There were 240k contracts (+ 38.2% of the beginning of the year) as of April 1. This data is provided by the Association of Leasing Companies of Belarus that analyzed the performance of the leasing companies of the Republic of Belarus over Q1 2017.
The leasing portfolio was BYN 2,025.9 million in the segment of leasing contracts concluded with the economic entities, which is BYN 92.8 million (4.4 %) less as compared to the beginning of the year. There were 27k contracts as of April 1, which are 660 contracts more (2.5 %) as compared to the beginning of the year.
The leasing portfolio under the contracts with individuals totaled BYN 207.3 million (9.28% of the total leasing portfolio), which is BYN 23.6 million (12.9%) more as compared to the beginning of the year. There were 213k contracts (+ 44.6%) with the individuals as of April 1.
This data points at the further drop in leasing portfolio in general and in the investment leasing segment (contracts concluded with the economic entities), the Association of Leasing Companies of Belarus notes.
Together with the general decrease in total leasing portfolio, the leasing portfolio continues growing in terms of contracts concluded with the individuals.
The total leasing contracts over Q1 2017 equaled to BYN 306.3 million, which is 27.6% of the total volume for 2016.
The total investment leasing contracts amounted to BYN 215.6 million, which is 24.8% of the total volume for 2016. The total consumer leasing contracts equaled to BYN 90.7 million, which is 37.4% of the total volume for 2016. For comparison, these values as of March 31, 2016 were 15.5 % and 33.3% of the total volume for 2015, respectively.
"The provided data points at much higher growth rates in the investment leasing segment and at a continuing high growth rate in the consumer leasing segment as compared to 2016," the Association of Leasing Companies of Belarus concludes.
The volume of new business (total cost of transferred leasing subjects net of VAT) over Q1 amounted to BYN 213.8 million or 28.3% of the total volume for 2016 (as of March 31, 2016, it was 16.8% of the total volume for 2015).
According to the expert estimates of the Association of Leasing Companies of Belarus, it points at much higher rates of new business growth this year as compared to 2016. If this tendency keeps further, at year-end, the branch will reach the results exceeding the results of 2016.
There is the following structure of the leasing subjects transferred over Q1.
The change in the leasing portfolio structure by kinds of the leasing subjects demonstrates a slight renewed interest in the real estate and operating equipment segment that fell last year as against the investment activity decay. On the other hand, the Association of Leasing Companies of Belarus observes the activity decay in the vehicle segment.
There are still high rates of new business growth in the segment of other leasing subjects at the expense of the growing interest of the individuals in leasing of consumer goods.