Forming and development of market of leasing services of Uzbekistan during the post-independent period

Abstract

In this article the author considers stages of forming  and market development of leasing services of  Uzbekistan during the after independence period. In  world practice the largest market of leasing services  is the USA where more than 70% of the companies in  need of acquisition of the equipment use leasing transactions. In a historical foreshortening the first  leasing transaction was put into the postindependent period of the republic in 1993. In 1995  the republic's first "Uzbek Leasing of International of  A.O." leasing company was created. In Uzbekistan  regulation of leasing transactions is performed on  the basis of a number of the accepted standard legal  documents. For the last 8 years in Uzbekistan the  number of lessors increased nearly two and today  their quantity makes 126 financial institutions.  Dynamics of growth of amounts of leasing
transactions, and also amounts of a portfolio of  leasing transactions is in recent years observed.  Today leasing services in such spheres as are  demanded: conversion of cotton, silk and
agricultural products, the textile industry,  production of building materials, the special  construction equipment, special, load, passenger  motor transport, telecommunications, processing
equipment for small business and a private entrepreneurship. The analysis of indicators of
leasing activities in Uzbekistan specifies economic
appeal of leasing transactions and a tendency of
increase in demand for leasing services