BDK-Leasing in 2012 expects rise in volume of leasing deals to $700 million in Kazakhstan

/IRBIS, January 10, 2012/ - According to forecasts of JSC "DBK- Leasing" in 2012, the volume of leasing transactions in the Republic of Kazakhstan may grow to U.S. $ 700 million, reports the press service of the company. According to the forecasts of the analytical group of JSC "DBK- Leasing", the total leasing portfolio Kazakh companies in early 2011 amounted to 1.24 billion U.S. dollars. By 2014 this figure will be doubled by increasing the number of new projects. "In 2010-2011, the average annual volume of new leasing deals in Kazakhstan stood at about U.S. $ 400 million. According to analysts, the next few years the amount of new projects in the leasing market will double and reach U.S. $ 700 million a year. Thus, up to 30% of new projects will take leasing program "Performance 2020", the report said. "We expect to increase the share of manufacturing in the leasing portfolio of Kazakh companies on the background of the program "Performance 2020". 50% of compensation costs for examination of the modernization plan of the enterprise and attract technical personnel from abroad, as well as providing equipment leasing under concessionary 7.5% APR - such support mechanisms suggests a program developed by the Ministry of Industry and Trade of RK", - said the director of Department of project and industry analysis of JSC "DBK-Leasing" Baurzhan Erezhepov. As noted, the implementation of government programs to update the fixed assets of enterprises opens new perspectives for the development of leasing services in Kazakhstan. "In addition, according to experts, the key drivers of growth will be leasing the railway and aircraft, ships, commercial real estate. Thus, in the near future is expected to shift from traditional to Kazakhstan market trends leasing (agricultural and construction equipment and passenger transport) to more capital-intensive", - was specified in the message. JSC "DBK-Leasing" is a 100% subsidiary of JSC "Development Bank of Kazakhstan." [2012-01-10]