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Insight Group's leasing companies present their performance results for 2023

The combined new business volume of all financial leasing service companies under Insight Investment Group for 2023 amounted to RUB 66.35 billion. By the end of 2023, the total leasing portfolio had surpassed RUB 134.6 billion.


As of the end of 2023, Insight Investment Group comprised three financial leasing service companies: DeltaLeasing LLC (joined Insight IG in September 2022), Fleet Finance LLC (part of the group since March 2023), and Fleet Auto Leasing LLC (acquired at the start of Q3 2023).


Both Fleet Finance and Fleet Auto Leasing got rebranded in 2023. The two companies transitioned to self-funding and opened their own credit lines with Russian banks.


DeltaLeasing, which had already completed these important tasks back in the fall of 2022, received a credit rating of ruA+ with a stable outlook from Expert RA agency in 2023. In 2024, the company plans to fund new business development not only through bank loans but also by issuing exchange-traded bonds.


DeltaLeasing


Throughout 2023, DeltaLeasing (previously Siemens Finance) grew its new business to RUB 56.18 billion. In 2022, before DeltaLeasing joined Insight Group, this figure was RUB 15.39 billion, with the company not financing any new deals from March to September.


Going from 1,426 new leasing service contracts in 2022, DeltaLeasing signed 4,980 contracts in 2023. By the end of the year, its leasing portfolio had reached RUB 119 billion.


In 2023, DeltaLeasing introduced the Smart Check accelerated financing program, which makes it possible to lease equipment, special machinery, and both commercial and passenger vehicles quickly and with minimal documentation. At present, 25% of all transactions are approved under the Smart Check program.


At the end of the year, the company also launched the Retrofit program, which helps fund the restoration and upgrades of used equipment, including repairs and the purchase of additional components.


DeltaLeasing holds the leading position in the equipment leasing market, as well as in the fields of machine-building, metal-working, metallurgy, printing, warehousing, and packaging equipment, as well as in leasing items for the food industry, according to Expert RA rating agency.

 

Fleet Finance


The volume of new business for Fleet Finance LLC (formerly John Deere Financial LLC) in 2023 reached RUB 8.04 billion, increasing 4.5 times year-on-year. The number of new contracts increased more than fivefold, to 746.The company, which had previously operated under the John Deere Financial brand, did not resume financing deals under the new Fleet Finance brand before in March 2023. There were no new deals between February 2022 and March 2023.


By the end of 2023, Fleet Finance's leasing portfolio had reached RUB 13.24 billion.


In 2023, the company ventured into a completely unexplored segment — truck leasing — which significantly contributed to its new business growth.


Fleet Finance offers leasing services for machinery and equipment in the agro-industrial sector, construction and logging industries, as well as freight transportation.

 

Fleet Auto Leasing


Fleet Auto Leasing (formerly RNL Leasing) experienced a new business growth of 54% compared to 2022, reaching RUB 2.31 billion. The number of contracts signed increased by 8%, to 1,215. As of the end of the year, the leasing portfolio stood at RUB 2.38 billion.


The company became a part of the Insight Investment Group at the start of Q3 2023.


In 2023, Fleet Auto Leasing began financing commercial machinery and used vehicles, and introduced an automated service for quoting and issuing insurance policies.


About Insight


Insight Investment Group LLC is a privately-held investment firm that specializes in direct investments and asset management in Russia and the CIS countries. Insight Investment Group encompasses leasing firms such as DeltaLeasing LLC, Fleet Finance LLC, Fleet Autoleasing LLC, in addition to the car rental service RexRent and the Legion II business center located in downtown Moscow.


*The new business metric is determined by the cost of leased items handed over to clients during the specified period, VAT not included.
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