OREANDA-NEWS. May 19, 2011. Russian leading automotive leasing company (according to ratings of Rosleasing association, the rating agency Expert RA and the branch magazine Leasing Review), Europlan has announced financial and operational results for 2010. For the previous year the company has demonstrated effective business performance and has strengthened its leading positions in car leasing. In 2010, with numerous lessees, Russian enterprises, organizations and businessmen, Europlan concluded 14355 financial leases of automotive transport, special vehicles and equipment for the sum of more than 21,8 million rubles or 716,7 million US dollars. Therefore, an increase in business volume presented 120% in comparison with the year before, reported the press-centre of Europlan.

Europlan contracted 98% of new business in its main leasing segment of automotive transport and special vehicles. As always, the company has strongly proved its leading positions in this very market segment that was confirmed by ratings of Rosleasing association (member of Leaseurope), the rating agency Expert RA and the branch magazine Leasing Review. For the reporting year, Europlan leased record 13343 units, particularly, automobiles, lorries and buses, special transport and self-propelled machines to Russian companies. The company has expanded its regional presence, increasing the number of its offices up to 48, and has realized near 52% of its business in regions beyond the Central federal area. Europlan has financed thousands of small Russian companies (with less than 100 employees) that presented 82% of its volume of contracts.

By the end of 2010, the total assets of the company have reached 516,1 million US dollars (according to non-audited US GAAP on 31.12.2010). Europlan has attracted 8,6 billion rubles from international and Russian funding sources, in particular 1,5 billion rubles for 7 years credit from EBDR and 3 billion rubles for 3 year-period from Globex Bank. The company s own capital has amounted to 175 million US dollars that exceeded the previous year figure by 22%. This level of capital made Europlan one of the most capitalized leasing companies. The company s total revenues from the leasing activity has reached 97,9 million US dollars for 2010.
The year 2010 was marked for Europlan by expansion and diversification of its financial services, aimed to satisfy various Russian business demands on corporate cars.

Being the leader of the Russian automobile leasing market and holding a significant market share, the company has continued to develop cooperation with representations of car manufacturers in Russia, importers and dealers. In 2010 there were actively working partner programs with Ford Motor Company (brands: Ford, Ford Trucks), Volvo Cars (brand: Volvo), Volkswagen Group Rus (brands: Volkswagen, Skoda, Audi), Mercedes Avtomobili Rus (brand: Mercedes-Benz), BMW Russland Trading (brand: BMW), Nissan Motor Rus (brands: Nissan, Infiniti), Rolf Import (brand: Mitsubishi), Jaguar Land Rover Russia (brands: Land Rover, Jaguar), Hyundai Motor CIS (brand: Hyundai), Avtoframos (brand: Renault), General Motors CIS (brands: Chevrolet, Opel, Saab, Cadillac, Hummer), Peugeot Citroen Rus (brands: Peugeot, Citroen), Chrysler Rus (brand: Chrysler, Jeep, Dodge), Porsche Russland (brand: Porsche), Uzautorus (brand: Daewoo), Queengroup (brand: Chance), Sollers  (brands: Fiat, Isuzu, SsangYong, UAZ), Hyundai ComTrans Rus (brand: Hyundai Trucks and Buses), BAW Motor Corporation (brand: BAW Fenix), "Light vehicles – GAZ Group" and "Commercial vehicles – GAZ Group" (brands: GAZ, Volga Siber, Maxus). Within these programs Europlan’s clients could buy cars of more than 30 world brands with significant discounts and on special leasing terms.

According to the vice-president of business development Alexander Mikhailov, 2010 was marked by an over double increase in the number of car leasing contracts. "Meanwhile, car sales in Russia rose near by 30%, - he cited. – Therefore, the car leasing market became one of the drivers of the automobile industry. In 2011 we intend to enhance the volume of contracts and, being the leading car leasing company, present the most qualitative financing car purchases in our country".