‘RSHB Leasing’ Limited Liability Company has started its operations as part of Russian Agricultural Bank Group. The first leasing agreement was signed in February. Given its plans and expertise the company looks to carry out leasing projects in agribusiness and other sectors. Thus, RSHB Leasing is expected to become a platform where clients will be able to lease assets ranging from transport and machinery to equipment for various purposes.
Leasing is one of the fastest-growing financial services sectors. According to Expert RA, light vehicles, commercial motor vehicles and railway transport account for the largest share of new deals in the equipment segment signed in 2019.
Financing of investment projects in agribusiness and other industries accounts for a sizeable share in the Bank’s operations. Leasing as an effective investment tool offers strong degree of protection and foundation of a leasing company organically complements the Bank’s wide product suite.
By YE 2020 the company’s leasing portfolio is expected to reach RUB 5 billion.
The Bank’s stable liaisons with manufacturers in agribusiness, transport and special machinery, alongside its vast branch network, create favourable conditions for RSHB Leasing business development.
“We decided to establish a leasing company in 2019, this year it started full-fledged operations. RSHB Leasing will make a wide array of services available for its clients. Our target segments – agricultural machinery and equipment, incl. for foodstuffs processing, commercial vehicles and real estate. We also put focus on developing cooperation with leading suppliers of equipment for our core sector”, Irina Zhachkina, First Deputy Chairman of the Board at Russian Agricultural Bank, said.