1. Leasing market in terms of global financial turbulence. Experience of leasing in Uzbekistan Mustafaev Z. B. General Director, Uzbekistan Lessors’ Association

2. Unstable situation of world economy  USA – increasing foreign debt – stagnation of the economy – unstable situation of budget funds  European Union – “Southern Europe” financial problems – Spain, Greece, Cyprus…  China – continuous growth of GDP – structural changes, increase of domestic consumption

3. N. Аmerica $ 292.5 bln. Europe $ 249.8 bln. Australia $ 12.0 bln. 37.1% 34.5% 10.9% 7.2% S. Аmerica $ 27.5 bln. 8.3% Africa $ 8.6 bln. 26.9% Asia $ 134.0 bln. $ 724,4 bln. Source: White Clarke Group World leasing market Y2011

4. Dynamics of leasing operation growth in global leasing market Source: White Clarke Group.

5. Growth of new leasing deals in the world *Most lease transferred trains and wagons ** In Uzbekistan growth of new leasing transactions increased by 22% in comparison with 2011 2010/11 %

6.  1993 – Obtaining of modern planes (Boeing, Airbases Ind., RJ) by “Uzbekistan Airways”, national airline through leasing services  1995 – Establishment of first leasing company in Uzbekistan, JV “Uzbek Leasing International A.O.” (shareholders: NBU, Maybank, IFC and EBRD)  1999 – Adoption of Law “On Leasing”  2002 – Decree of the President of the Republic of Uzbekistan # UP-3122 dated 28.08.2002 on measures for further stimulation of leasing system development  2002 – Project of International Finance Corporation for the development of leasing in Central Asia  2005 – Establishment of Uzbekistan Lessors’ Association  2011 – Introduction of leasing coordination department by Ministry of Finance  2012 – Income tax exemption on leasing services until January 01, 2017 History of leasing development in Uzbekistan History of leasing development in Uzbekistan

7. Why lease financing could be the innovator of industrial processes?  Tax exemptions  Relatively low collateral requirements  Advantage in accounting  Arrangement of the lease repayment schedule based on the client's needs  Possibility of getting the equipment in a short time  Ability to use additional services (insurance, logistics)

8. Dynamics of lease portfolio bil. UZS

9. Structural reorganization of lease objects Technological equipment Agricultural equipment Vehicles Property

10. Distribution of lease transaction by types of technological equipment 2012 2012

11. Uzbekistan leasing market players 2005200620072008200920102011 2012 Number of lessors 2833496486838499 2012Total Banks2626 Leasing companies73

12. Prospects of introduction of operational leasing in Uzbekistan  Vehicles and inexpensive and saleable  types of equipment  Meeting the client’s needs by constant technological re-equipment  Customer loyalty and possibility for  future larger deals  Possibility of getting additional margin by further leasing operations  Making profit from the sale of the leased object

13. Innovative methods used by leasing companies of Uzbekistan  Call system  GPS monitoring

14. Future projects for provision of leasing services  World aspiration to reduce harmful emissions  Reduction of dependence on petroleum and nuclear power  Renewable energy industry creates additional jobs  More and more consumers not only support, but also require “green energy”  Production - renewable energy - wind power plant - reduction of energy consumption

15. Future projects for provision of leasing services  Transport - trains and wagons  Agriculture -efficiency of water resources utilization - leasing of drip irrigation systems - new technologies in livestock, poultry - processing and storage of agricultural products

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