Financial leasing is reviving in Serbia

, News

The number of registered financial leasing contracts has increased by 48.2 percent since the beginning of the year compared to the same period last year, when the coronavirus pandemic, due to the introduction of the state of emergency, prevented normal business and investment of the domestic economy, the Business Register Agency announced.
Passenger vehicles are still the most bought for leasing in Serbia, accounting for 54.2 percent of all items procured in this way, while according to the APR, real estate is the least represented – in only 0.3 percent of cases.
According to APR data, on the last day of May, 58,403 financial leasing contracts worth a total of 1.8 billion euros were active.
In the first five months of this year, as many as 5,965 contracts with a total value of 179.7 million euros were registered, while in the first five months of last year, 4,024 contracts with a total value of 117.9 million euros were registered, it is stated in the announcement. Current data show that leasing financing this year is slowly returning to the level of 2019, in which, in the observed period, 7,016 contracts worth 183.3 million euros were registered.
“The value of financial leasing contracts registered during the first five months of this year is only two percent lower than the value of contracts registered in the same period of the year preceding the crown,” they point out in APR.
According to the data from the Annual Bulletin of Financial Reports for 2020, 13 financial leasing companies employed 332 workers in 2020. Last year, this group of financial institutions had total assets of 968 million euros, total capital of 70.2 thousand euros and achieved a positive result for the period of 3.15 million euros, Bonitet reports.