The new business volume of Insight Investments leasing companies reached RUB 17.5 billion in the third quarter of 2023. From January to September 2023, this indicator hit 45.7 billion rubles.
As of September 30, 2023, three companies offering financial leasing services were part of Insight Investments — DeltaLeasing LLC, Fleet Finance LLC, and Fleet Autoleasing (formerly RNL Leasing LLC).
The new business of DeltaLeasing (formerly Siemens Finance) totaled 41.7 billion roubles in the first nine months of 2023, with 14.3 billion roubles in the third quarter of 2023. During the first nine months of 2023, the company signed 3,745 new leasing service contracts, including 1,268 contracts in the third quarter. The leasing portfolio expanded from 109 billion roubles to 113.3 billion roubles during the third quarter. 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. The company joined the Insight Group in September 2022 and relaunched its business operations in October 2022.
From January to September, the new business volume of Fleet Finance LLC reached 4.1 billion rubles, with 2.9 billion rubles generated in the third quarter alone. Over the course of nine months, Fleet Finance signed 378 leasing contracts, including 276 in the third quarter. Previously operating under the John Deere Financial brand, the company resumed its financing operations under the new Fleet Finance brand in March 2023. Between February 2022 and March 2023, it did not engage in any new transactions. Fleet Finance offers leasing services for machinery and equipment in the agro-industrial sector, construction and logging industries, as well as freight transportation.
Fleet Autoleasing (formerly RNL Leasing LLC), a car leasing company, became a part of the Insight Investments at the start of the third quarter of 2023. From January to September, the company's new business volume exceeded 1.1 billion rubles, with 752 new leasing contracts signed during this period. The company signed more than half of these — 492 contracts — in the third quarter of 2023, generating a new business volume of 743 million rubles during 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. 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.