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17.05.2009 /Bank's Ratings Absolut Leasing in Rosleasing rating

Following 2008 results Absolut Leasing ranked 41st in “Rosleasing” association rating having improved its last year results by 12 points. According to the submitted data new business volume of Absolut Leasing amounted to RUB1,799.01 mln. which is by 29% more as compared to a similar indicator in the last year.

The company’s operation was marked by special success in the leasing of car repair and car service equipment, due to which Absolut Leasing ranked 1st among other leaders of this business with new business volume of RUB209.62. The company had the same success in a leasing segment of furniture and office equipment, consequently the company ranked 2nd in the corresponding rating with new business volume of RUB84,65 mln.

Total number of leasing agreements concluded by the company within 2008 made up 348 and its portfolio increased by 35% and exceeded the amount of RUB2 bln.

Maximum contribution to new business volume formation on leasing agreements in 2008 was made by enterprises of such industries as chemical industry, transport and traffic operations, retail trade in motor transport, machine building, catering and geology.

Irina Krylova, Director of Absolut Leasing: “we actively developed leasing business line in 2008 therefore increase of Absolut Leasing rating position became consequent result of this work. Further we plan to build up a leasing portfolio volume gradually by means of concluding new agreements and development of proposed product ranges. In particular, taking into account current market conditions we elaborated a new program – short-term financing for machinery dealers and a program on acquisition of a part of other leasing companies portfolios that will allow us to preserve stable positions in the market of leasing services.”

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