Leasing

Element Leasing was established in 2004. According to Expert RA's rating the company is one of the TOP-20 leasing companies with the largest volume of new business in Russia. An extensive regional network and technologies enable the company to serve clients in any Russian city. Financing the acquisition of automobiles made by the GAZ Group is one of the company's main lines of business. The company is one of the top five largest companies in the segment of freight motor transport.

The company specializes in leasing services for organizations, SMEs and larger companies in need of quick financial solutions. Element Leasing provides unique financial products which speed the decision-making process regarding transactions up to a little as one day.

The main partners are GAZ Commercial Vehicles, Russian Buses Central Trading House, Spetstekhnika - GAZ Group, GAZ Group - Goods Vehicles, Heidelberg CIS, Ingosstrakh.

Element Leasing became the first Basic Element company to receive an European Bank for Reconstruction and Development (EBRD) loan in 2007; and, in November 2009, one of the sector's first companies in the post-crisis period to obtain a Sberbank loan. Other major creditors of the company include the Russian Bank for Development, Soyuz Bank, MDM Bank, Zenit Bank and Globex Bank.

On December 15^th 2010, Standard&Poor's confirmed the ratings of the Russian company Element Leasing - long-term "B-" and short-term "C" on the international scale and "ruBBB-" on the national scale, with a rating prognosis of "stable".   

Element Leasing has more than 300 employees.