On September 24, 2024, the meeting was held between "Uzbek Leasing International A.O." JSC, "National Bank for Foreign Economic Activity of the Republic of Uzbekistan" JSC and representatives of LiuGong Machinery Central Asia.

Leasing in national currency (UZS)

Amount of financing

$ 10,000 - $ 4,500,000 (equivalent amount in Uzbek sums at the official rate of the Central Bank of Uzbekistan as of the date of review of the project, however, a final decision on the approval or rejection of leasing transaction amounting over US $ 600.000 shall be made by the Supervisory Board of Directors of the Company)

Acceptable leasing subject

All types of new, used and restored equipment, machinery, vehicles and real estate for production and business purposes for private enterprises in all sectors of the economy, with the exception of those indicated in the "Negative List". The Lessee must submit to the Company a report from an independent appraisal company regarding used and restored equipment, vehicles and specialized equipment.

Share of financing

  • 100% of the total cost of the acquired leasing object; or
  • Up to 70% of the total cost of the acquired leasing object (in case of receipt by the Lessee of a share participation in the amount of 30% of the total cost of the leasing object)


Interest rate

Average 18% per annum (fixed rate / flat)

Lease period

Up to 5 years

Collateral

The amount of collateral for the project must be at least 50% of the amount of lease financing. The security deposit in the form of real estate; or equipment; or a bank guarantee; or sureties; or movable property (equipment, vehicle); or guarantees of repurchase by the supplier of the leasing object.

Payments

In national currency

Negative List

The company does not finance projects related to the production of alcoholic beverages; production of tobacco products; projects aimed at gambling business; Also, projects related to used equipment, restored equipment older than 7 years and projects related to vehicles and specialized equipment older than 5 years are not funded.

Primary and basic related expenses of the lessee for leasing in national currency (UZS)

Commission for in-depth study

2% of the cost of the purchased object (excluding VAT)

Leasing service fee

Payment of leasing service fee in the amount determined based on the costs actually paid by the lessor related to the provision of leasing services (including VAT on these costs)

Advance payment

3-month lease payments paid by the lessee after the project is approved and the equipment lease agreement is signed

Share participation of the Lessee

30% of the total value of the leasing object (in the case of financing by the Lessor 70% of the value of the leasing object)

Interim payments

The lessee pays interim lease payments based on the daily interest calculation at the rate set for the project for any partially paid (for the leasing object) amount, starting from the date of opening financing for the project, i.e. from the date of payment in favor of the Supplier, until the date of the start of the lease.

Insurance

Insurance of the leased / pledged object - on average 0.15% per year of its contract / agreed value, depending on the type of the leased / pledged object and the conditions of the insurance company