Serbia’s financial leasing sector posted a combined net profit of 607m dinars (€5.16m; £4.38m) in the first nine months of 2019, down from 1.047bn dinars for the same period in 2018, which represents a 42% fall.
According to a quarterly report by Serbia’s central bank, the industry’s return on assets (ROA) fell to 1.12% at the end of September 2019 from 1.93% 12 months earlier.
Meanwhile, return on equity (ROE) declined to 10.73% from 15.8%, the National Bank of Serbia (NSB) said.
The sector’s operating profit fell to 740.6m dinars in the first nine months from 1.15bn dinars for the same period of 2018.
The assets of 17 financial leasing companies operating in Serbia totalled 99.311bn dinars at the end of September 2019.
The biggest player in the sector was OTP Leasing, with a market share by assets of 17.6%, followed by Intesa Leasing with 16.1%, UniCredit Leasing with 14.1%, and Raiffeisen Leasing with 13.8%.
The NBS is responsible for the supervision of financial leasing companies.
The NBS also issues licenses to perform financial leasing operations, grants consent regarding the appointment of the members of financial leasing companies′ management bodies and undertakes corrective measures against irregularities and illegalities.
In addition, the NBS issues secondary legislation whereby it regulates in detail the operations of financial leasing companies, the NBS said on its website.
17 lessors operated in Serbia’s leasing sector at the end of Q3 2019, according to the NBS.
- 1 CA Leasing Srbija
- 2 ERB Leasing (undergoing liquidation)
- 3 Intesa Leasing
- 4 LIPAKS
- 5 NDM Leasing
- 6 NLB Leasing (undergoing liquidation)
- 7 OTP Leasing Srbija
- 8 OTP Lizing
- 9 Piraeus Leasing
- 10 Porsche Leasing SCG
- 11 Procredit Leasing (undergoing liquidation)
- 12 Raiffeisen Leasing
- 13 Scania Leasing RS
- 14 S-Leasing
- 15 UniCredit Leasing Srbija
- 16 Vantage Leasing
- 17 Zastava Istrabenz Lizing