In 2012, the portfolio of leasing contracts of Porsche Finance Group will amount to UAH 482 million


29.05.2012 Porsche Finance Group participated in the IIIrd Annual International Leasing Conference: “Lessons of the crisis and prospects of leasing development in Ukraine”, which was held on May 17, 2012 at Grand Admiral Club. The conference focused on vitally important tendencies of financial markets of Ukraine and Europe, as well as on topical issues of leasing market in Ukraine.

 

In particular, the participants of the conference noted a marked increase in the leasing portfolio in Ukraine: So, in the 4th quarter of 2011 in Ukraine some 3567 financial lease contracts were concluded to correspond the 2007 "pre-crisis" figure of 3248 contracts for the same period. And for the whole 2011 the portfolio of leasing companies grew by 110%. Thus, the leasing market in Ukraine showed the final recovery from the crisis.

They have also identified the Ukraine’s leasing market prospects for 2012:

 

·                    The scope of the leasing market will remain stable (about USD 34 billion),

·                    Reduced penetration of leasing in the investment in fixed assets,

·                    Increased penetration of leasing as a financial tool for car purchase (6%),

·                    Increase in the share of foreign leasing companies with foreign capital,

·                    Some bank leasing companies will start intensifying their activity,

·                    The promotion of the demand for transport operating leasing,

·                    Increased responsibility of lessees (the draft Law).

 

"The portfolio of leasing contracts of Porsche Finance Group as at 31.12.2011 amounts to UAH 364 million, while the volume of assets financed in 2011 – UAH 349 million,  – says Josef Graf, the Chairman of the Management Board of Porsche Finance Group. – In 2012 we intend to increase these figures by UAH 482 million and UAH 470 million respectively. One of the new trends in 2012 was the increased interest of Ukrainians in buying a car on lease or loan, and we know how to satisfy this interest."

 

Currently, Porsche Finance Group is considered to be a recognized leader in the number of lease and loan contracts signed. Only within the first quarter of 2012 the company showed a strong growth by signing 1000 new contracts with individuals and legal entities, and by the end of this year the company plans to reach the figure of 4500 contracts. This objective will be achieved due to favorable financing terms, including the transparent tariff policy, no hidden fees or charges, and the stable rate of payments, as well as usual for the company introduction of new options and services to attract new customers.

More information and specific proposals on purchase financing conditions can be obtained at Volkswagen, Audi and Porsche dealers over the whole territory of Ukraine or on the Internet www.porscheleasing.com.ua.

 

Porsche Finance Group is represented in Ukraine by Porsche Leasing Ukraine and Porsche Mobility. They are owned by the Austrian "Porsche Bank", which belongs to "Porsche Holding", holding is part of the Volkswagen Group. In Ukraine, Porsche Finance Group renders financial services, operational leasing and cars loans for such brands as Volkswagen, Audi and Porsche, both for businesses entities and individuals and are the market leaders in financing car purchases.