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The company was established in September 2, 1996 by Uzbekistan Banking Association as a subsidiary.

In December 2000, ULC "Baraka" was reorganized into a Limited Liability Company.

In April 2003, the Company ULC "Baraka" was reorganized into a joint stock company registered with capital of 1 billion sums.

In 2011 the Charter capital of the ULC "Baraka" was increased up to 3 billion sums.

Universal Leasing Company "Baraka" - a financial institution, which accumulates capital of commercial banks and other financial institutions for performing leasing activity and providing leasing services.

Currently, the Shareholders of the company are:

Uzbekistan Banking Association of 3.5%;

"Uzbekinvest" National Export - Import Insurance Company of 14.17 %;

"Ishonch" Interbank insurance company of 29.83 %;

Joint-Stock Commercial Innovative Bank "IpakYuli" of 52.5 %.

The main objective activities in ULC "Baraka" are:

  • raising funds from banks in the country and other financial institutions for the implementation of leasing operations;
  • attracting leasing services to representatives of micro-firms and small enterprises, entrepreneurs and enterprises in any form of ownership on condition of using the equipment, technology, movable and immovable property, resulting in the leasing market saturation for the Republic of Uzbekistan wide range of consumer goods, production of import-substituting and export-oriented production, getting profit, creation of new jobs;
  • conducting marketing research of foreign markets on the demands of potential lessees, to choose the new technologies and equipment complying with international standards;
  • research on the local market demand for the latest technology and equipment, identification of potential lessees in respect of applications received by the company;
  • Implementation of delivery to the Republic of the latest technology and equipment, the relevant international standards.

The main tasks in the activity of ULC "Baraka" are:

  • increasing the volume of leasing services, by attracting free cash commercial banks, non-budgetary funds, funds of ministries and other financial institutions, including the co- financing of major leasing projects;
  • conduct leasing operations at the request of commercial banks to equip them with modern banking equipment and computers;
  • providing customers with a variety of commercial banks and financial institutions all spectrum leasing services, including consulting services in the selection of equipment and other services for the organization of their full production activities;
  • carrying out together seminars with the Chamber of Commerce in the regions, business meetings with stakeholders micro-firms and small enterprises with an explanation of benefits of leasing operations;
  • conducting large-scale activities to attract new customers to the company by advertising, seminars, business meetings, media coverage of the Company, providing clients with marketing and consulting services;
  • close collaboration with foreign and local manufacturers of various equipment for distribution among the subjects of micro-firms and small enterprises by leasing contracts;
  • Providing suggestions and recommendations for further improvement of the legal framework of the Republic of Uzbekistan, coordinating leasing activities.

Requiring active cooperation with commercial banks of Uzbekistan on leasing operations.

Signed a series of agreements on cooperation with the Chamber of Commerce and Industry of Uzbekistan, MSK «IShONCh», and Universal Exchange Center OMB.

Territorial projects Breakdown of leasing projects implemented in the period 1997-2012 years by regions

(data are presented excluding project to organize a mini-dairies)(in sums and percentages)

Regions

In sum

In %

Number of projects

In %

1.Fergana

3 663 738 572,50

34,48%

91

42,52%

2.Tashkent(and region

4 503 181 501,00

42,38%

66,00

30,84%

3.Namangan

1 472 322 109,00

13,86%

22,00

10,28%

4.Jizzakh

319 096 971,00

3,00%

11,00

5,14%

5.Bukhara

87 149 000,00

0,82%

2,00

0,93%

6.Andijan

78 196 710,00

0,74%

8,00

3,74%

7.Samarkand

490 930 246,00

4,62%

12,00

5,61%

8.Karakalpakistan

10 400 000,00

0,10%

2,00

0,93%

Total

10 625 015 109,50

100,0%

214,00

100,0%

During the activity of leasing company financed 214 projects totaling $ 10 625.01 million sums. In addition, the structure of the lease portfolio of 15 projects initiated by the acquisition of mini-mills for processing of whole milk a total of 2.5 million U.S. dollars.

In 2012, 14 projects have been funded. The total funding was 2 670, 35 million sums.

Leasing projects by sector

Data on realized transactions by type of equipment for the period 1997-2012 years with the Company

(Facts are presented excluding project to organize mini-dairies)

(In sums and percentages)

Name of indicators

Sum

Percentage

1

Production

2 493 278 520,00

23,74%

2

Autotransport

1 616 161 428,50

15,21%

3

Real estate

2 967 374 005,00

27,93%

4

Computer and office equipment

573 956 200,00

5,40%

5

Construction

1 030 879 000,00

9,70%

6

Medicine

258 345 516,00

2,43%

7

Polygraphy

525 789 000,00

4,95%

8

Others

1 159 231 440,00

10,91


Total

10 625 015 109,50

100,00%

Data on realized transactions by type of equipment for the period of the company in 2012

(In sums and percentages)

1

Real estate

605 000 000

22,66%

2

Equipment

758 430 000

28,40%

3

Builder

700 000 000

26,21%

4

Autotransport

269 925 000,00

10,11%

5

Others

337 000 000,00

12,62%


Total

2 670 355 000,00

100%

In addition, the company is actively being methodological work. Published a textbook for students of economics universities on course "Leasing", compiled in conjunction with specialists from the National University of Uzbekistan named “M.Ulugbek”. Prepared in collaboration with the Chamber of Commerce and Industry of Uzbekistan project methodological guide for entrepreneurs "Leasing”. “What is it? ". Together with specialists from the National University of Uzbekistan named “M.Ulugbek” published a textbook for students of economics universities on course "Leasing".

Proposals on amendments and additions to the Law "On Leasing" in the Regulation "On the procedure of leasing commercial banks of Uzbekistan", registered for №327 from May 7, 1999 year, which were transferred to the Central Bank of Uzbekistan Lessors Association and IFC ( leasing development project in Central Asia) .

Nowadays, the company has engaged for the implementation of joint activities with the commercial banks and other financial institutions of the Republic of Uzbekistan.

The General Agreement on cooperation with "Mikrokreditbank", OJSICB "IpakYuli" and SJSCB "People's Bank". During 2009-2012, attracted 4300 million sum resources of these banks for further accommodation projects. In addition, established relationships with a number of organizations, including infrastructure divisions of Uzbekistan Banking Association.

During 2013 the company continued to cooperate with commercial banks. In a number of banks - partners planned to connect banks with extensive branch of network serving small and private businesses.

Also continued to provide methodological assistance to entrepreneurs. Planned to participate in seminars organized by Uzbekistan Banking Association and Uzbekistan Lessors Association held in Tashkent, and in the regions.

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