Gazprombank Leasing comments on the record results of the leasing market in 2023

The recovery of the economic situation and the realization of pent-up demand influenced the increase in the volume of lease financing in investments in fixed assets from 7.1% to 11.4%. The share of leasing in GDP at the end of 2023, according to the Expert RA Rating Agency, added 0.5 percentage points by 2022 and amounted to a record 2.1%. The main indicator of the Russian leasing market — the volume of new business — also showed a record value — 3.6 trillion rubles. (+81% by 2022). The total portfolio of leasing companies at the end of the year reached 9.9 trillion rubles, showing an increase of 47%.

Maxim Kalinkin, Executive Vice President of Gazprombank, General Director of the Gazprombank Leasing Group «:“Almost all segments of the leasing market showed positive dynamics in 2023, which, of course, speaks of confidence in leasing and the recovery of the macroeconomy. The Gazprombank Leasing Group is growing faster than the market: the volume of new business at the end of 2023 increased by 105% compared to 2022, the leasing portfolio — by 111%. The main factors that made it possible to show a good result were the continued demand for motor transport and road construction equipment, large transactions in the financing of railway transport and real estate.»

At the end of 2023, the Gazprombank Leasing Group showed the largest increase in absolute value in the following segments: leasing of freight transport (+161% by 2022), cars (+91%), road construction equipment (+78%) and real estate (+57%).

The number of new contracts concluded by the Gazprombank Leasing Group in 2023 amounted to almost 124 thousand, which is two times more than in 2022. Over the past year, the group's clients received over 56 thousand units of trucks, 51.6 thousand cars, 8.5 thousand units of light commercial vehicles and 2.6 thousand buses.

«For the Gazprombank Leasing Group this year, we do not expect a doubling of business compared to 2023, but we plan to maintain the given pace and volume of business. The main challenges of the leasing market will be a possible increase in the cost of funding and an increase in another disposal fee this year,” comments Maxim Kalinkin.

Read the research data in more detail RA «Expert RA» on the results of the development of the leasing market in 2023 can be found on the agency's website: