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Press-conference 4 April 2006. REVIEW. History Articles of Association Aims Members of BAL Leasing market during year 2005. Market survey of BAL for “new business”-2005. Leasing penetration in the economy of Bulgaria and Europe. Focus 2006(facing the law in the country ). - PowerPoint PPT Presentation
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Press-conference 4 April 2006
History
Articles of Association
Aims
Members of BAL
Leasing market during year 2005.
Market survey of BAL for “new business”-2005.
Leasing penetration in the economy of Bulgaria and Europe.
Focus 2006(facing the law in the country)
REVIEW
July 2004 - the members of the two associations has discussed the idea of themerger on a meeting held between them.
January 2005 - meeting between the Board members of BARLB and BALC and signing a Memorandum of the merger
June - September 2005 - during Board meetings of the two associations, unanimously were approved the Board members and the Articles of the united Association /BAL/
July 2005 - opening of the office of BAL and welcoming the first employee.
13 February 2006 - Sofia City Court has announced the decision of merger and signed BAL in the regisrty of the juridical non-profit companies.
History of the merger
The Association is non-profit organisation, represented by two co-chairmen.
Protects the interests of all leasing companies.
Represents and protects the interests of the members of the Association in front of the public authorities.
Promotes a standing on the leasing market based on the fair competition.
Speeds up the introduction of the European standards and norms at the leasing market.
Articles of the Association
Improving of the Bulgarian commercial and tax legislation concerning the leasing activities;
Improving of the competitiveness of the Bulgarian leasing industry;
Promoting of fair competition practices on the Bulgarian leasing market;
Collecting and publishing of quantitative data on the Bulgarian leasing market;
Increasing of the awareness of the Bulgarian business community and consumers on issues related to leasing products and activities;
Aims
Members of BAL
ИТА Лизинг ООД
Б.Л. Лизинг ООД
“ АутоБохемия “ АД
Leasing market 2005
Leasing penetration in the economy
“New business”-data from market survey of BAL for 2005
Leasing market size,determined by outstanding net lease receivables for the period (thousand levs)
*Data from market survey of BNB and BAL
81 000 206 000261 000
397 258
638 771
948,304
1 215 905
0
200 000
400 000
600 000
800 000
1 000 000
1 200 000
1 400 000
31.12.2001 г. 31.12.2002 г. 31.12.2003 г. * In the survey tookpart 17 companies
31.12.2004 г. * In the survey tookpart 12 companies
w ith 70 % share ofthe market
30.06.2005 г.* In the survey tookpart 19 companiesw ith 80% share of
the market
30.09.2005 г. *In the survey tookpart 27 companies
31.12.2005 г. * In the survey tookpart 28 companies
Other4,05%
Machinery and I ndustrial Equipment
33,09%
Real Estate8,51%
Cars29,41%
Transport Vehicles24,32%
Computers and Business
Machines0,63%
“New business” financial leasing
*Acquisition cost ** Data from 24 companies- survey of BAL
Asset type Machinery and Industrial Equipment
Computers and Business Machines
Transport Vehicles
Cars Real Estate Others Total
Value (thousand levs)*
311 979 5 939 229 259 277 310 80 207 38 157 942851
% 33,09% 0,63% 24,32% 29,41% 8,51% 4,05% 100,00%
Share of machinery and industrial equipment in the part ”new business” - international comparison
Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.
Share of machinery and industrial equipment towards new business
9%
33%
27%
9%10%
26%
20%
8%
21%
8%
19%
0%
5%
10%
15%
20%
25%
30%
35%
Austria Bulgaria Belgium GreatBritain
Germany Italy Poland Romania Slovenia Hungary Czechrepublic
Cars; 70,52%
Real Estate; 0,00%
Machinery and I ndustrial
Equipment; 17,95%
Transport Vehicles; 11,53%
“New business” operational leasing
* Acquisition cost ** Data from 24 companies-market survey of BAL
Asset type Machinery and Industrial Equipment
Computers and Business Machines
Transport Vehicles
Cars Real Estate Others Total
Value (thousand levs)*
2 049 0 1 317 8 053 0 0 11 420
% 17,95% 0,00% 11,53% 70,52% 0,00% 0,00% 100,00%
Leasing penetration ratio
Source: BAL for New bisuness, NSI for Investments
The leasing penetration ratio is defined as of New Business towards General Investments
CHANGE OF THE LEASING PENETRATION RATIO FOR THE PERIOD 2001-2005
1,5%
2,8% 3,1%4,0%
9,2%
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
7,0%
8,0%
9,0%
10,0%
2001 2002 2003 2004 2005
Ratio of leasing penetration- international comparison
Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.
14,9%
9,2% 8,8%
24,5%
17,1%
19,4%
12,3%10,9%
14,8%
22,0%
9,5%
0,0%
5,0%
10,0%
15,0%
20,0%
25,0%
Austria Bulgaria Belgium GreatBritain
Germany Italy Poland Romania Slovenia Hungary Czechrepublic
Ratio of leasing penetration in some European countries
Proportion of net lease receivables towards GDP
Sources: Market survey of BNB, BAL and data from NSI
Proportion of net lease receivables towards GDP
0,3%
0,6%0,8%
1,0%
2,9%
0,0%
0,5%
1,0%
1,5%
2,0%
2,5%
3,0%
3,5%
2001 2002 2003 2004 2005
Proportion of net lease receivables towards GDP- international comparison
Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.
Proportion of net lease receivables towards GDP
8,1%
2,9% 2,9%
9,6%
5,8%
6,6%
2,0%
4,7% 4,9%
11,6%
7,8%
0,0%
2,0%
4,0%
6,0%
8,0%
10,0%
12,0%
14,0%
Austria Bulgaria Belgium GreatBritain
Germany Italy Poland Romania Slovenia Hungary Czechrepublic
Share of machinery and industrial equipment in the sector”new business” - international comparison
Sources: Data from market survey of Leaseurope for 2004, as the data for Romania is corrected in correspondense with the summarized data from both Associations.
Share of machinery and industrial equipment towards new business
9%
33%
27%
9%10%
26%
20%
8%
21%
8%
19%
0%
5%
10%
15%
20%
25%
30%
35%
Austria Bulgaria Belgium GreatBritain
Germany Italy Poland Romania Slovenia Hungary Czechrepublic
FOCUS 2006
Review of the law regulation in the country related to the leasing business
VAT act draft for 2007 with included proposals of BAL
Definition of supply - art.6, par.2
Reservation of the regime regarding the tax assets of financial leasing for deliveries, accomplished before the law was effective- art.25, par.2 (1).
Right of full tax credit for deliveries of goods, given in the conditions of financial leasing contract -art.69, par.2
Exemption the tax base of duties and insurances of goods, regarding financial leasing contracts -art. 26, par.3
Consumer Credit Act draft
Accomplished missions - precised definitions, reasonable degree of protection of the consumer when the contact was ceased. Current process of changing - cancellationof the prohibition regarding the securutization of the consumer credit with instruments and promissory notes.
Further goals
Changes of the Civil Law
Law for the Corporate Taxes
