The leasing companies within the Insight Investment Group have compiled the operational outcomes for the first half of 2023. By the end of the half-year, two companies offering financial leasing services, DeltaLeasing LLC and Fleet Finance LLC, were part of the Insight Investment Group.
For the first six months of this year, DeltaLeasing (previously known as Siemens Finance) reported a new business volume* of 27.4 billion rubles, a significant increase from the 6.6 billion rubles the year before. In the first half of 2022, the company had financed new deals only for the two first months. The company has secured new lease agreements amounting to a total of 36.2 billion rubles. The value of the current leasing portfolio stands at 109 billion rubles.
DeltaLeasing holds the leading position in the equipment leasing market. Expert RA ranks the company at the top in the fields of machine-building, metal-working, metallurgy, printing, warehousing and packaging equipment, as well as in leasing items for the food industry.
In the overall leasing company rankings**, DeltaLeasing holds the 11th position.
Fleet Finance (previously known as John Deere Financial, now doing business as Fleet Finance) made its debut in the ranking and secured the 55th position. Fleet Finance provides leasing options for agricultural, road, and construction machinery. The new business volume for the first six months of 2023 amounted to 1.1 billion rubles, with new contracts signed worth 1.8 billion rubles. The existing leasing portfolio stood at 11.6 billion rubles by the end of this period.
Insight Investment Group LLC is a privately-held investment firm that specializes in direct investments and asset management in Russia and the CIS countries, established by entrepreneur Avet Mirakyan. Insight Investment Group encompasses leasing firms such as DeltaLeasing LLC, Fleet Finance LLC, RNL Leasing LLC, in addition to the car rental service RexRent and the Legion II business center located in downtown Moscow.