TAIBA LEASING COMPANY DUSHANBE BUSINESS FORUM 2013
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Country Overview
Socio-Economic Indicators, 2012 estimates
Population (million) 30.0
Total area (sq. km) 447,400
Nominal GDP USD 48.3 billion
GDP Growth rate 8.2%
Inflation 7.0%
External Turnover Exports :USD 16.65 Bio
Imports :USD 15.53 Bio
Unemployment rate 4.8%
Major Industries
Textiles, Food processing,
Mining, hydrocarbon
extraction, metallurgy,
Chemicals
Industrial Output
USD 25.6 Bio
Agricultural Output USD 12.3 Bio
Growth rate of
industrial products 7.7%
• Surplus performance of State budget since 2005.
• Total volume Public Debt of external borrowings does not exceed 16.0% out of GDP at January 1, 2013.
• Internal borrowings rate is zero.
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0
200
400
600
800
1000
1200
1400
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
37 45149
245337
818
1,122 1,1351,258
1,297
Leasing Market in Uzbekistan
UZS in Billions
2005
2006
2007
2008
2009
2010
2011
2012
No. of lessors 28 33 49 64 86 83 84 99*
* Banks – 26 , Leasing Companies - 73
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Leasing Volume (UZS in Billions) in 2012
Top 5 Banks by volume of leasing operation
Asaka Bank 107.6 Ipoteka Bank 27.4 Microcreditbank 21.2 Turon Bank 8.1 Trust Bank 7.5
Uzqishloqhujalikmashlizing 197.7 O`zavtosanoat-Leasing 55.3 Uzmeliomashlizing 39.1 Uzbek leasing 19.1 Qurilishlizing 12.7
Top 5 Leasing Companies by volume
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Structural reorganization of lease objects
5,5%
94% 0,5%
Y2000
24,4%
33,1%
29,4%
13,1%
Y2012
Technological equipment
Agricultural equipment
Vehicles
Property
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Distribution of lease transaction by types of technological
equipment provided by leasing companies during 2012
0.3%
0.9%
2.0%
6.0%
8.4%
9.0%
12.7%
15.9%
17.7%
27.2%
0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%
Office equipment
Woodworking
Printing
Trade
Light industry
Medical equipment
Food production
Others (chemical, energy)
Construction and construction materials…
Melioration
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• “Taiba Leasing LLC” started its activity in March 2011 with a Charter Capital of USD 5 Mio. Taiba is fully owned by Islamic Corporation for the Development of the Private Sector (ICD).
• Key financial figures (USDx000s) are as under:
About Taiba Leasing
123 206
842
38
627
3,224
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2011 2012 2013P
Portfolio
Profitability
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Challenges
• Forwarding rate of GDP growth as consequence shows Leasing share was not grown and remain the same level 0.6% in spite of considerable growth of leasing transaction volume. Nevertheless leasing market has a big potential for growth. Absorption of leasing market is very high.
• Crucial point for development of leasing services is to get sufficient source of funds by leasing company.
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Opportunities
• Tax holiday on income from leasing operation until 2017.
• Existent big demand for financing by the reason of rapidly
growth of economy.
• Less sensitivity of Uzbekistan economy to world economic crisis in the last years.
• Increasing demand of preferences to use leasing instead of bank credit.
• Flexibility of leasing contract by comparison with other financial instrument on acquisition of fixed assets.
CONTACT US
Bakhodir Kadirov
General Director
6th Floor, International
Banking & Finance Center
1, Besh-Yogoch Street
Tashkent, 100066
Republic of Uzbekistan
Tel: (+99871) 140-44-49
Fax: (+99871) 140-44-48
E-mail: [email protected]
Website: www.taibaleasing.com