The first words we all remember speaking about 2020 at are the words "trials", "challenge", "problems". The year was really full of challenges for all of us. However, it is possible to notice and record the achievements next to them, which are not less.
Achievements of "Armleasing" in 2020
On our Facebook page, summarizing 2020, we have already presented a short video about the achievements we had in the first full year of "Armleasng" activity. Now let's present them in more detail.
Involvement in Rural Funding (RFC) programs
The signing of cooperation agreements with GFC took place in November 2019, however, the effective work of "Armleasing" within the framework of these programs, we can confidently consider one of the important achievements of 2020.
Within the framework of this cooperation, a loan agreement for attracting additional financial resources was signed later in July.
The development of agribusiness in Armenia is one of the key points of "Armleasing" mission, our active participation in state subsidy programs is a proof of that.
Memorandum of Cooperation with the Renewable Energy and Energy Saving Fund of Armenia (R2E2)
The memorandum of cooperation with R2E2 was signed in December 2019 ․ However, the signing of further agreements and cooperation in this direction began in 2020.
Renewable energy environment is one of the important priorities of "Armleasing". Within the framework of them, The "Armleasing Eco" sub-brand and "Ecoleasing" products were created in 2020.
Start of cooperation with ASUE
The Chief Executive Officer of "Armleasing" Arsen Bazikyan and ASUE Rector Diana Galoyan signed a cooperation agreement On February 26, 2020.
The most important processes of cooperation were temporarily postponed due to the epidemic and the state of emergency in the country. However, the launch of this partnership is a promising achievement.
Cooperation with financial institutions
As Arsen Bazikyan has stated in an interview with Invest Magazine, "we try to create a culture of cooperation with financial and non-financial institutions, instead of competing when specialized structures in two different fields together can create stronger tools for the market than separately".
Within the framework of this idea, in 2020 "Armenian Leasing Company" signed memorandum of cooperation in various formats and agreements with a number of leading Armenian financial organizations, which are "Armswissbank" CJSC, "Inecobank" CJSC, "ID Bank" CJSC, "Converse Bank" CJSC, "HSBC Bank Armenia" CJSC, "Aregak" UCO CJSC.
The formats of cooperation with the above structures, although are different, nevertheless have two important purposes ․ To develop the leasing market in Armenia with joint, effective solutions and to offer more profitable, package solutions for customers.
Legislative changes
In June 2020, amendments to the legislation regulating and improving leasing operations came into force. Chief Executive Officer and Co-Founder of Armleasing Arsen Bazikyan was involved in the project working group as an expert.
The draft introduced a number of important changes that make leasing more competitive and profitable. New leasing directions added, which are double (secondary) leasing, return leasing, sub-leasing.
"Mobile Office"
Flexibility and speed are one of the strongest competitive advantages of "Armleasing". That is why our car was acquired and furnished.
We call it a "mobile office" because it is adapted to meet with customers and receive applications just in the car, if necessary.
Launch of Armleasing.am website
2020 The website of "Armleasing" was launched, which is built in such a way that it will be as easy as possible for the lessee to find the products he needs, to choose the supplier, to send a preliminary application right from the site.
The site is suitable for suppliers who have a single platform to present or sell their products.
Cooperation with supplier companies
In 2020 "Armleasing" has signed numerous cooperation agreements with leading suppliers in their fields.
These mutually beneficial partnerships are built in such a way that they are profitable first of all for the customers and then for the supplier and the lessor.
New products
The year 2020 stood out with them, that were created new and important leasing products.
Particularly, the "Microleasing" product aims is to promote the development of micro-business in Armenia by offering profitable solutions to small start-ups. And "Made in Armenia" leasing aims to boost the progress of companies engaged in production in Armenia by providing fixed assets through leasing with a 9% prepayment.
Leasing + Management Consulting (BizLiz)
The year was summed up with a memorandum of strategic cooperation signed between "Armleasing" and "Business Support Center".
This is the beginning of a unique project in the Armenian business environment, which aims to enable Armenian producers, service providers to achieve their goals faster, in an organized way, to promote their progress, to develop local business, to create more by combining the leasing solutions with corporate management consulting.
Of course, the achievements do not end with these, to summarize we will limit ourselves to the above.
Future Plans of "Armleasing" in 2021
In the predicted crisis year, plans of "Armleasing" not only haven't decreased, but on the contrary, became more ambitious. We believe that this is the only way to restore economy.
For the 2021 we have several priority strategic directions for SME development, agribusiness development, energy saving and ecological solutions, availability of financial solutions.
SME development
As we mentioned above, Armleasing has started Strategic Partnership with Business Development Center.
Developing this partnership, thereby offering package business solutions to small, medium-sized businesses and startups, is one of our two companies' top priorities for this year.
Organizations that need to acquire both fixed assets and management consulting to grow their business will receive flexible, package solutions within the BizLiz project.
We will provide more detailed information about the project in our future publications.
Agribusiness development
You have probably noticed that instead of the word "agriculture" we use the term "agribusiness". It is not a coincidence, but expresses our approach to the field of agriculture. We believe that agriculture should not be based only on the principle of satisfying one's own needs, but should be guided by progressive business logic.
State support programs are a good opportunity for the development of agribusiness in Armenia.
In 2021 "Armleasing" will continue to cooperate with the suppliers of agricultural-agro-food equipment within the framework of the mentioned programs, offering favorable leasing conditions for the acquisition of high-quality equipment.
Energy saving and ecological solutions
Ecology is an integral part of "Armleasing" mission and corporate culture. The one of the most important priorities is development of our Armleasing Eco sub-brand in 2021.
In the framework of that, we will continue to further develop our cooperation with R2E2.
A very important cooperations are planned to develop the waste recycling business in Armenia.
Availability of financial solutions
As you probably know, the slogan of "Armleasing" is "Flexible, package financial solutions". We have already talked about the "package" component. Now let's talk about "flexibility".
The "mobile office" in some way increased the availability and flexibility of our products. But we are not limited to that.
Our cooperation with financial institutions also has this goal. Within the framework of cooperation with partner banks and credit organizations, professional leasing services will be available and closer to the regions of Armenia.
In this direction, wait for the news in the near future within the framework of the strategic cooperation between "Armleasing" and "Aregak" UCO CJSC.
Development of similar cooperation with other financial organizations in 2021 is one of the most important priorities of "Armleasing".
We think you are convinced that this year will be a very busy for "Armleasing". And that means that the year will be hectic for our partners as well.
To not miss the news of "Armleasing", join us on Facebook, LinkedIn and Instagram.