Leasing Organization Requirements

Selection Criteria

When selecting a leasing company the SME Bank uses the following criteria:

Organizational criteria:

  • legal persons registered in compliance with the RF legislation;
  • absence of negative information with respect to the business reputation of the Leasing Company;
  • absence of sanctions on the part of supervisory authorities and regulators (the Federal Financial Monitoring Service, the Federal Financial Markets Service, the Federal Tax Service of Russia, the Prosecutor’s Office of Russia etc.);
  • absence of unfinished litigations between the Leasing Company and state authorities, state entities (ministries and agencies), regulating, taxation and supervisory authorities (the Bank of Russia, (the Federal Financial Monitoring Service, the Federal Financial Markets Service, the Federal Tax Service of Russia, the Prosecutor’s Office of Russia), where the Leasing Company acts as the defendant, as well as with other entities and persons where the Leasing Company is the defendant and the claims exceed 5% of the total balance (asset value) of the Leasing Company;
  • practical experience with leasing projects — at least 1 year;
  • presence of an internal regulation governing the selection of Lessees, comprising SMEs, that would include an assessment of their financial standing, terms for implementation of SME projects.

Financial Criteria:

  • stable financial standing (internal financial strength rating calculated in accordance with the OJSC SME Bank regulations not lower than 20 points — for Leasing Companies with good financial standing, and not lower than 35 points — for Leasing Companies with average financial standing);
  • fully formed authorized capital;
  • positive value of equity capital and net assets;
  • size of capital (p. 1300 of the balance sheet) in accordance with the Leasing Company closing date balance not lower than 10 mln. RUB;
  • absence of an unstructured defaulted debt to the budget, extra-budgetary funds and other state entities;
  • absence of losses as of the closing date leading to a net assets value decrease of more than 25% against the maximum for the past 12 months;
  • absence of defaulted payments with respect to the loan portfolio for the last 180 calendar days (positive credit history);
  • financial standing not worse than average as determined in accordance with the OJSC SME Bank regulations;
  • the leasing portfolio concentration as per one lessee (the amount per one Lessee in the Leasing Company portfolio) under 25% of the total Leasing Company portfolio value;
  • the closing date borrowed assets amount (p. 1410 of the balance sheet + p. 1510 of the balance sheet) should not exceed the size of the Leasing Company’s capital (p. 1300 of the balance sheet) by more than 50 times;
  • the total liabilities of the Leasing Company (borrowed assets (p. 1410 of the balance sheet + p. 1510 of the balance sheet) and third party guarantees) should not exceed the size of the current lessees’ debt with regards to the Leasing Company’s portfolio;
  • the amount of payments defaulted by Lessees (over 60 days) with regards to the Leasing Company’s portfolio (outstanding leasing debt) not over 15% of the size of the current debt with respect to the Leasing Company’s portfolio as of the closing date.
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