ASOCIATIA DE LEASING BANCAR

1
ASOCIATIA DE LEASING BANCAR

• CONFERINTA DE PRESA
• 22 MARTIE 2005
• CROWNE PLAZA

2
(No Transcript)
3
ALB 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)

4
ALB 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

5
Activity 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

6
Project 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.)

7
Project 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

8
Regularization 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

9
Why 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

10
Why 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.

11
Signed Lease Contracts by Asset Type 2004
Source Asociatia de Leasing Bancar
12
Signed Lease Contracts by Vehicle Type 2004
Source Asociatia de Leasing Bancar
13
Signed Lease Contracts by Customer Type 2004
Source Asociatia de Leasing Bancar
14
Signed Lease Contracts by Acquisition Type 2004
34.81
65.27
Source Asociatia de Leasing Bancar
15
Signed Lease Contracts by Contract Term 2004
8.63
31.75
59.62
Source Asociatia de Leasing Bancar
16
ALB Total Signed Lease Contracts 2003
2005 millions Euro
50
81
Source Asociatia de Leasing Bancar
17
Signed Lease Contracts by Asset Type 2003 2004
(million EUR)
Source Asociatia de Leasing Bancar
18
Signed 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
20
Signed Lease Contracts by Customer Type
2004
2003
Source Asociatia de Leasing Bancar
21
Signed Lease Contracts by Acquisition Type
2003
2004
Source Asociatia de Leasing Bancar
22
Signed Lease Contracts by Contract Term
2003
2004
Source Asociatia de Leasing Bancar
23
Romanian Leasing Market 2004 Total estimated
signed contracts Value EUR 1.4 1.5 billion
Source Asociatia de Leasing Bancar
24
Romanian Leasing Market 2004 Banking Affiliated
Leasing Companies
Source Asociatia de Leasing Bancar
25
Romanian Leasing Market 2004
Source Asociatia de Leasing Bancar
26
Romanian Leasing Market 2004 Equipment Leasing
Source Asociatia de Leasing Bancar
27
Romanian Leasing Market 2004 Vehicle Leasing
Source Asociatia de Leasing Bancar
28
Romanian Leasing Market 2004 Real Estate Leasing
Source Asociatia de Leasing Bancar
29
Leased Assets Leaseurope ALB 2003 Romania
2004 ()
Source Asociatia de Leasing Bancar