Baltic Leasing Group increased IFRS profit by 14% in 2020

AK&M 07 April 2021 18:00

IFRS profit of Baltic Leasing Group for 2020 increased by 14% year-on-year to RUB 2.4 billion, the company reported.

Equity capital of Baltic Leasing Group reached RUB 8.6 billion. Total net investment in finance lease adjusted for the provision for impairment increased by 25% to RUB 51.6 billion at the end of 2020, the company's assets amounted to RUB 57.4 billion as at December 31, 2020, growing by 22.6%.

Baltic Leasing Group (established in 1990) is a leading Russian leasing company. Since December 2018, the company has been owned by Bank Otkritie FC. Baltic Leasing specializes in the leasing of equipment, motor transport vehicles, special-purpose vehicles. The company's regional network comprises 75 divisions all over Russia. In 2020, the company's new business (the value of leased property excluding VAT) reached RUB 65.19 billion.