UrBC, Yekaterinburg, June 8, 2017. The Ural Bank for Reconstruction & Development (UBRD) now offers small and medium enterprises leasing options within its loan offers package, the bank’s press service reports.

‘Leasing is no longer an exotic financing option for small and medium enterprises. Our businesses have come to realize that its simplicity, affordability, and efficiency allow them to keep their facilities well equipment in compliance with the market demands. The repayments can be very flexible, and companies can also save money through tax reliefs,’ the press service says.

Russia’s leasing market has been growing steadily, given the somewhat recovering economy. The market was estimated to grow 36% last year and reached 742bn RUR, with the lease loan book at 3,2 trillion RUR. Ural Federal District-based operators are responsible for about 12% of all the leasing transactions. Car lease is the largest market segment at the moment (including both trucks and passenger vehicles) and stands at 35% of the market, while leases of road-building vehicles make up 7% of the market.

The Ural Bank for Reconstruction & Development has been offering its customers leasing options for quite a while now. The bank decided to resume its SME programs recently and is now offering both new and used cars, special-purpose vehicles, production equipment, trading appliances, and real estate on a lease. The funding ranges between 500,000 RUR and 30m RUR within 13 to 84 months’ period (for real estate) and within 13 to 60 months’ period (for everything else).