Leasing groped optimal limit

Why leasing is unpopular in Russia? Why this product is and what the prospects for reducing its cost? About this portal Bank.ru spoke with Director General of the Russian division of Indian company SREI "Rostislav feet. - Do you agree with the fact that leasing in our country is not as popular as in the West? Which prevents it evolve? - I agree. Moreover, the difference is not in our favor. Volume of leasing in Russia is ten times less than in the West. What prevents the development? Reasons are numerous: from still low financial literacy of the average company to lease the uncertainty in the legal field (many experts still do not see any differences in the financial and operating leases). Also among the difficulties can call the leasing companies limited access to long-term financing, relatively little protection to lessors in the Execution of the debtor's obligations and to put it mildly, the problems in the judicial system. - What are the interests of pursuing your business in Russia? - Our team from scratch has grown into a global business size of $ 7 billion plan for the Russian subsidiary for several years to become one of the leading players in the leasing market with a portfolio of $ 1 billion, we want to focus its activities on the financing of fixed assets and infrastructure projects . Our segment - is a construction machinery, tunnel, mining and drilling equipment. - There is an opinion that leasing is an unfavorable form of the loan easier to directly take a loan and buy the right thing. What do you think about this? - Leasing is not always and not necessarily the only instrument of financing. There are several differences between leasing and credit: the difference in taxation, the complexity of transactions and the risk for both financial institution and client. Are always different and the situations in which funding is requested. You can "go to" call a dozen factors taken into consideration when choosing the appropriate financial instrument. I think that the credit and leasing have the right to life, because in different situations different optimal product. - Many people refuse to lease because of the duration of its registration. In what terms is clearance of transactions? - Our company provides a full (not retail) lease transaction within two weeks. The average duration of the market is about a month, and most foreign companies even more. - Describe the trend of the market: there is a chance to reduce the cost of the cost of leasing this year? - I believe that the sharp decline in the value is already behind us and this year, do not expect a noticeable decrease in the cost of leasing. Reduced refinancing completed, and financial institutions probably have groped a minimum margin of profit on the existing level of risk.