Title: ASOCIATIA DE LEASING BANCAR
1ASOCIATIA DE LEASING BANCAR
- CONFERINTA DE PRESA
- 22 MARTIE 2005
- CROWNE PLAZA
2(No Transcript)
3ALB Board of Directors
- According to General Assemblys decision of March
the 10th 2005 and to statutory regulation - Melih Mengu President (UniCredit
Leasing-Chairman CEO) -
- Bernd Kuenzel Vice President (Raiffeisen-Leasing
President) - Jean Paul Decrock member (BRD Sogelease-
President CEO) - Kerem Sekizyarali member (Finans Leasing-
President) - Septimiu Postelnicu member (HVB Leasing
Romania-Managing Director) - Michail Lachanas deputy member (Piraeus Leasing
-Administrator) - Michael Unterguggenberger deputy member
(Volksbank Leasing -Managing Director)
4ALB Members(as of 31.12.2004)
- 19.4 million Euro total paid in capital
(International Accounting Standards) - 43.2 million Euro total equity (International
Accounting Standards) - 645.6 million Euro total assets
- 544 million Euro contracts signed 2004, no. of
contracts 18.200 - 444 total employees
- Over 350 branches national network (own branches
and/or parent banks branches) - 29.1 million Euro paid in taxes to the public
budget in 2004 as compared to 15.6 million Euro
in 2003
5Activity Report
- Start up discussions with Romanian authorities
(M.O.F., N.B.R. Parliament) towards unique
reporting standards for defining the real value
and needs of leasing market in Romania - Direct negotiations with Romanian authorities
(Parliament, Ministry of Public Finance, National
Bank of Romania) towards amending OG 51 and
Fiscal Code - Recognition of leasing as part of Banking
Financing COR Groups 1211 2415 (Labor
Ministrys decision) - Dialogue partner to Romanian respective
authorities on case by case bases excises (MOF),
road tax (Transport Ministry), vehicles
registration (Police), insurance (CSA) etc. - Member of Group for Social Dialogue at the level
of Ministry of Public Finance
6Project to amend Leasing Ordinance 51
- Purpose
- Official recognition of leasing as a financial
product - Official recognition of leasing companies as non
banking financial institutions - Regularizing Romanian leasing market in terms of
authorization, monitoring supervision under NBR
umbrella - Correct definition of financial and operational
lease - recognition of sub-lease, syndicated lease, lease
back - Clarification of certain specific terms included
in the leasing contract with the purpose of
better business cooperation among the parties
(residual value, right for option, down payment,
etc.)
7Project to amend Fiscal Code
- Unified fiscal and accounting treatment according
to International Accounting Standards - Recognition of leasing companies as non banking
financial institutions - Taxation in case of real estate leasing
- In case of operational lease - fiscal
depreciation of leased assets during the contract
duration
8Regularization Supervision
- Leasing to be main object of activity for the
lessors - Increase of minimum paid in capital amounts (ROL
4 billion within 6 months after the laws
approval, EUR 300,000 after January 1, 2006, EUR
500,000 after January 1, 2007) - Prudential regulation (capital adequacy,
solvability indicators, fiscal consolidation
with parent bank) - Supervision under Central Banks umbrella
9Why Supervision of Leasing Market?
- The majority of European countries do practice a
certain type of supervision of leasing - There is no standard model under EU regulation
- 7 European countries do apply supervision under
Central Banks umbrella France, Greece, Italy,
Luxembourg, Spain, Sweden, Hungary, Portugal - Other EU countries have a distinct, autonomous
body Belgium, Finland, Turkey, Germany - Lack of form of requirements, direct Central
Banks supervision or special body in the
following European countries Austria, Czech
Republic, Ireland, Netherlands, Poland, Russia,
Slovakia, Switzerland, UK. - Existing tentative for issuing bonds as a
financing source
10Why NBR?
- Less bureaucracy
- Existing know how
- Existing indirect supervision through parent bank
in case of leasing subsidiaries of commercial
banks - The funding sources for independent and captive
leasing companies are commercial banks.
11Signed Lease Contracts by Asset Type 2004
Source Asociatia de Leasing Bancar
12Signed Lease Contracts by Vehicle Type 2004
Source Asociatia de Leasing Bancar
13Signed Lease Contracts by Customer Type 2004
Source Asociatia de Leasing Bancar
14Signed Lease Contracts by Acquisition Type 2004
34.81
65.27
Source Asociatia de Leasing Bancar
15Signed Lease Contracts by Contract Term 2004
8.63
31.75
59.62
Source Asociatia de Leasing Bancar
16ALB Total Signed Lease Contracts 2003
2005 millions Euro
50
81
Source Asociatia de Leasing Bancar
17Signed Lease Contracts by Asset Type 2003 2004
(million EUR)
Source Asociatia de Leasing Bancar
18Signed Lease Contracts by Asset Type 2003 2004
()
Source Asociatia de Leasing Bancar
19 Signed Lease Contract by Vehicle
Type 2003
- 2004
Source Asociatia de Leasing Bancar
20Signed Lease Contracts by Customer Type
2004
2003
Source Asociatia de Leasing Bancar
21Signed Lease Contracts by Acquisition Type
2003
2004
Source Asociatia de Leasing Bancar
22Signed Lease Contracts by Contract Term
2003
2004
Source Asociatia de Leasing Bancar
23Romanian Leasing Market 2004 Total estimated
signed contracts Value EUR 1.4 1.5 billion
Source Asociatia de Leasing Bancar
24Romanian Leasing Market 2004 Banking Affiliated
Leasing Companies
Source Asociatia de Leasing Bancar
25Romanian Leasing Market 2004
Source Asociatia de Leasing Bancar
26Romanian Leasing Market 2004 Equipment Leasing
Source Asociatia de Leasing Bancar
27Romanian Leasing Market 2004 Vehicle Leasing
Source Asociatia de Leasing Bancar
28Romanian Leasing Market 2004 Real Estate Leasing
Source Asociatia de Leasing Bancar
29Leased Assets Leaseurope ALB 2003 Romania
2004 ()
Source Asociatia de Leasing Bancar