Baltic Leasing

Baltic leasing is a medium-sized leasing company with state participation.

The company operates in all major cities of Russia and has 75 branches for 2021.

Owners

Since December 2018, Otkritie Bank has been the controlling shareholder with a 99.5% stake.

Performance indicators

The company ranked 11th in Russia in terms of the volume of the leasing portfolio at the end of 2019 (data from RA Expert).

The leasing portfolio includes:

• passenger and commercial transport 32%,
• other - 29%,
• construction equipment and special equipment - 19%.

The top 20 customers account for 6.2% of the portfolio. The quality of assets is maintained at a high level: the share of contracts overdue for more than 90 days is significantly lower than 1% as of 1P20.

History

2024: Promsvyazbank secured 100% of Baltic Leasing LLC

Promsvyazbank received 100% of Baltic Leasing LLC as a pledge. This is evidenced by the data of the Unified State Register of Legal Entities from the beginning of August 2024. Baltic Leasing belongs to the joint-stock company of the same name. The fact that Promsvyazbank may acquire a share in the Baltic Leasing leasing company was reported by Kommersant on June 20, 2024, citing sources in the financial market. According to the interlocutor of the publication, the company was forced to attract an investor due to the high debt burden against the background of maintaining high interest rates in the economy.

2023: Change of ownership

In early October 2023, it became known about the sale of Baltic Leasing to Profitable Investments (part of Control Leasing Group of Companies). The seller in the framework of this transaction was the bank of non-core assets (BNA) "Trust."

The price of the transaction at the end of the auction amounted to 26.9 billion rubles (the initial cost was 20.4 billion rubles), follows from the data of the trading platform. Other participants in the auction were Sovcombank and the Liberty company. In its message about the completion of the auction, BNA did not disclose the buyer.

Baltic Leasing changed its owner

In the current environment, the acquisition of such an asset makes the leasing business even more sustainable and capable of offering competitive solutions to our customers. In a changing market, combining competencies will strengthen the position of each company, "Arsen Saitgareev, First Deputy General Director of Leasing Control, told Interfax.

According to the results of the first half of 2023, Baltic Leasing ranked 7th in terms of new business (71.6 billion rubles) and 9th in terms of current portfolio (205.5 billion rubles) in the Expert RA rating. The main area of ​ ​ activity of the company is the provision of equipment, vehicles and special equipment for leasing. By October 2023, the group has 79 branches in Russia. The Group includes the parent company Baltic Leasing JSC, as well as subsidiaries of Baltic Leasing LLC (operating company) and Baltliz Technologies LLC (concentrates the IT functions of the group).

As for the Profitable Investments company, it belongs to Mikhail Zharnitsky (his share is pledged by Promsvyazbank), follows from the data of the SPARK-Interfax analytical system. Zharnitsky is the general director and one of the co-owners of Control Leasing. Sberbank Investments has 74.9% of Control Leasing shares pledged (data at the beginning of October 2023).^[1]

1996: First leasing license in Russia

Baltic Leasing is the first company in Russia to receive license No. 0001 from the Ministry of Economy of the Russian Federation for leasing activities, the license was registered on September 2, 1996.