Trends in Russian leasing business development at the present stage
Subject. The article presents trends in leasing business development under processes of innovative development of market relations. It also addresses aspects of leasing business development in the Russian Federation and its influence on updating the fixed assets of economic entities. Objectives. The aim is to identify trends in the development of leasing business in the Russian Federation, analyze the current condition of leasing operations in constantly changing environment. I analyze changes in main indicators of leasing business development, which can contribute to renewal of production capacities of enterprises operating in various sectors of economy in the current conditions of sanctions and restrictions. Methods. The study draws on the method of comparative analysis and general scientific methods of research. Results. The study establishes that leasing companies have an ability to retain a potential client, who is a borrower of the Bank, and who can become a lessee, and a potential lessee client may become a client of the Bank. Conclusions. The geographical expansion of leasing business in the Russian economy contributes to the modernization of production facilities of economic entities. This provides an additional drive for improving the economic growth of our country.