Leasing companies earn RSD 368 million in the first three months of 2016 – Most purchased items: buses, minibuses, automobiles...

The sector of financial leasing in Serbia at the end of the first quarter of 2016 made a positive pre-tax result of RSD 368.4 million, as reported by the National Bank of Serbia

According to the NBS report for the first quarter, financial leasing of freight vehicles, minibuses and buses made up 35.7% of the investment structure, whereas the financing of passenger vehicles went down from 28% at the end of 2015 to 27.8%.

Only one lessor recorded a negative pre-tax result in the amount of RSD 973,000, whereas others made positive pre-tax results.

Compared to the first quarter of 2015, when the pre-tax result was RSD 57 million, the positive result on March 31 this year was several times larger, which is explained by significantly lower expenditures, above all interest expenses.

It's interesting to note that the financial leasing sector made a net income from exchange rate gains in the first quarter of 2016, whereas in the first quarter of 2015, it incurred significant expenses from exchange rate losses.

Narodna banka Srbije Beograd

financial leasing sector

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NBS

financial leasing