+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Finance and Credit

Risk assessment of banking groups financing leasing companies

Vol. 28, Iss. 4, APRIL 2022

PDF  Article PDF Version

Received: 28 February 2022

Received in revised form: 14 March 2022

Accepted: 28 March 2022

Available online: 28 April 2022

Subject Heading: Banking

JEL Classification: G21, G32

Pages: 924–949


Igor' V. VERZHBITSKII Financial University under Government of Russian Federation, Moscow, Russian Federation

ORCID id: not available

Subject. The article investigates the existing approaches to assessment of risk of banking groups, arising from the financing of leasing companies by banking groups being the largest players in the financial lease market.
Objectives. The purpose is to develop an original methodology for assessing the risks of banking groups in the financial lease market, arising from the provision of financing to lessors.
Methods. I employ methods of systems analysis, comparative analysis, ratio analysis, synthesis, induction and deduction, methods of grouping, classification, and statistical methods.
Results. I developed an original approach and methodology to assess the risks of banking groups that finance leasing companies.
Conclusions. The existing methods for assessing the creditworthiness of leasing companies do not fully assess risks inherent in financing of lessors. The presented methodology rests on current standard ratios and enables to solve the problem of quantitative risk assessment in financing to leasing companies.

Keywords: financial lease, leasing company, banking group, risk assessment


  1. Larionova I.V. [Conceptual look at the development of risk assessment and capital management systems in banks and banking groups]. Bankovskie uslugi = Banking Services, 2021, no. 9, pp. 18–26. (In Russ.) URL: Link
  2. Amosova N.A., Verzhbitskii I.V. [Risks of activities of Russian banking groups in the financial lease market]. Bankovskie uslugi = Banking Services, 2020, no. 11, pp. 23–29. (In Russ.) URL: Link
  3. Gazarov D.A. [Key factors in the development of leasing in the Russian Federation]. Innovatsii i investitsii = Innovation and Investment, 2021, no. 8, pp. 171–174. URL: Link (In Russ.)
  4. Merrill T.W. The Economics of Leasing. Journal of Legal Analysis, 2020, vol. 12, pp. 221–272. URL: Link
  5. Meshkova E.I. [Risk assessment and management issues for Russian banking groups]. Finansy, den'gi, investitsii = Finance, Money, Investments, 2021, no. 3, pp. 33–40. (In Russ.)
  6. Kovalev V.V., Voronova E.A. [Specifics of economic analysis of leasing companies]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2018, vol. 21, iss. 6, pp. 714–731. (In Russ.) URL: Link
  7. Kuz'mina E.V. [Risk management of leasing projects]. Bankovskoe delo = Banking, 2015, no. 10, pp. 52–63. (In Russ.) URL: Link
  8. Kovalev V.V., Voronova E.A. [Logic and criteria for assessing financial stability of a leasing company]. Vestnik Sankt-Peterburgskogo universiteta. Ekonomika = St. Petersburg University Journal of Economic Studies, 2019, vol. 35, no. 1, pp. 50–82. URL: Link (In Russ.)
  9. Ovcharenko N.A., Berlin S.I., Voinov A.S. [The analysis of financial risk management of a commercial organization in the field of leasing]. Vestnik Akademii znanii = Bulletin of the Academy of Knowledge, 2019, no. 1, pp. 213–221. URL: Link (In Russ.)
  10. Moiseev S.R., Morgunova A.K. [Financial position of major leasing companies: Outcome of the Bank of Russia survey]. Den'gi i kredit = Russian Journal of Money and Finance, 2017, no. 2, pp. 52–54. URL: Link (In Russ.)
  11. Sidorova S.A. [Liquidity risks in the context of sustainable development of a commercial company]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2019, vol. 6, no. 1, pp. 76–88. URL: Link (In Russ.)
  12. Tsyganova S.V., Semenova G.N. [Theoretical bases of accounting and evaluation of business reputation at business association]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2020, vol. 3, no. 3, pp. 64–69. (In Russ.) URL: Link
  13. Zakharova O.V. [Problems and prospects of development of leasing in Russia]. Ekonomika. Biznes. Banki = Economics. Business. Banks, 2019, no. 2, pp. 75–85. (In Russ.)
  14. Ivannikov O.O. [Features of the legal position of the seller in the contract of financial lease (leasing)]. Voprosy rossiiskogo i mezhdunarodnogo prava = Matters of Russian and International Law, 2018, vol. 8, no. 9A, pp. 41–47. URL: Link (In Russ.)
  15. Kleinkhof I.A. [Leasing as a factor of State support of production enterprises]. Ekonomika i upravlenie: problemy, resheniya = Economics and Management: Problems, Solutions, 2020, vol. 3, no. 3, pp. 70–74. (In Russ.) URL: Link

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 29, Iss. 5
May 2023