Armenian Leasing Company

What Armenian Leasing Company does

Armenian Leasing Company (Armleasing) is a regulated Armenian financial services firm that provides collateral-free equipment, vehicle, and machinery leasing to micro, small, and medium enterprises (MSMEs), agricultural operators, and sustainability-focused businesses. Founded in September 2019 and licensed by the Central Bank of Armenia in October 2019, the company operates as a Universal Credit Organization Closed Joint-Stock Company (UCO CJSC) headquartered in Yerevan. It offers five core product lines — Business Leasing, Micro Leasing, Agro Leasing, Eco Leasing, and Carlease — covering construction, medical, production, IT, agricultural, and renewable-energy equipment, plus a Leasing Plus add-on credit facility for existing customers.

The platform combines a direct online application and lease calculator on armleasing.am, a 7-broker referral network across Armenian regions, an annual Leasing EXPO event with 20+ equipment suppliers, and capital-market funding through corporate bonds listed on the Armenia Stock Exchange and distributed by Converse Bank. Pricing varies by currency (AMD, USD, EUR), term (6–120 months), and product tier, with subsidized rates as low as 0.1%–2% annual nominal available through government and international development-finance programs (KfW-REEE-VII, RAED PIU, R2E2).

Revenue is generated primarily from interest on leased assets and origination fees (0–1.5% of lease value), supported by access to concessional funding from EIB, KfW, GGF, EFSE, GAF, Triple Jump, and Symbiotics. The company is privately held by Partners Invest LLC, whose founders Arsen Bazikyan (CEO) and Artashes Hakobyan (Chairman) also serve as executives. Reported 2024 results showed total-asset growth of 73.4% YoY, leasing-portfolio growth of 70% YoY, and net profit up more than 6x YoY.

Name

Armenian Leasing Company

Legal name

«Արմենիան Լիզինգ Քամփնի» ՈՒՎԿ ՓԲ Ընկերություն

Website

https://armleasing.am

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Armenian Leasing Company (Armleasing) is a Yerevan-based, Central Bank-regulated leasing firm offering equipment, vehicle, agricultural, micro, and eco leasing to Armenian MSMEs, funded via development finance and corporate bonds.

Ownership category

akta.pro rank

Product category

Equipment Leasing Services

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Other Commercial and Industrial Machinery and Equipment Rental and Leasing (53249), Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412), Passenger Car Leasing (532112)

SIC

Finance Lessors (6172), Services-Auto Rental & Leasing (No Drivers) (7510), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Leasing & Lease Buyout Financing (FSAKADAC)

akta.pro secondary industries

Specialty Vehicle Leasing/Rental (Refrigerated, Tanker, Flatbed, Utility/Service Bodies) (TLABAHAE), Refrigerated Truck (Reefer) Leasing & Rental (TLABABAD)

Keywords

• Equipment leasing services
• Business financing
• Agricultural leasing
• Green energy financing
• Vehicle leasing

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Leasing interest and origination fees: Primary revenue from interest charged on leased equipment, vehicles, and machinery. Leasing terms range from 6 to 120 months with rates varying by currency (AMD, USD, EUR) and product type. Origination and arrangement fees (0-1.5% of lease value) also contribute to revenue.
2. Corporate bond coupon payments: Armleasing issues corporate bonds listed on the Armenia Stock Exchange, generating capital market funding. Revenue is used to fund leasing operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Armenian Leasing Company (Armleasing) is a Central Bank of Armenia-regulated universal credit organization that provides collateral-free equipment leasing to Armenian SMEs, micro-entrepreneurs, agricultural enterprises, and green energy businesses. It operates five product lines — Business Leasing, Micro Leasing, Agro Leasing, Eco Leasing, and Carlease — offering multi-currency (AMD, USD, EUR) financing with terms from 6 to 120 months and integrating government subsidies, supplier discounts, and insurance within lease structures. The company also raises long-term capital through corporate bonds listed on the Armenia Stock Exchange and distributes them via Converse Bank.

Product overview

Armenian Leasing Company operates a multi-product leasing platform offering Business Leasing (covering construction, medical, vehicles, production, storage, printing, refrigeration, and IT equipment), Micro Leasing (for micro-enterprises up to 5M AMD), Agro Leasing (agricultural machinery including tractors and winemaking equipment), Eco Leasing (solar, waste recycling, electric vehicles), Carlease (bundled vehicle leasing), and Ecoleasing (sustainable development sub-brand). The company also offers Leasing Plus as an add-on credit facility for existing customers. The portfolio includes special promotional programs like Leasing EXPO 2026 with supplier-partner discounts.

Differentiator

Problem solved

Functional benefit

Brands

• Carlease: Vehicle leasing sub-brand offering passenger, bus, and freight transport vehicles with bundled insurance and maintenance services
• EcoLeasing
• Micro Leasing
• Agro Leasing
• Business Leasing

Products and services

• Business Leasing Lease financing for SMEs and corporate clients covering construction equipment, medical equipment, vehicles, production and processing equipment, storage equipment, printing equipment, refrigeration and air-conditioning systems, and IT/innovative technology equipment. Financing from AMD 5M to AMD 650M, terms of 12-72 months, down payment from 20%, available in AMD/USD/EUR.
• Micro Leasing Lease financing for individual micro-entrepreneurs and very small businesses with financing amounts from AMD 1M to AMD 5M and terms of 36-60 months. Available in AMD/USD/EUR with nominal annual rates ranging from 10.9% to 19.5%.
• Agro Leasing Lease financing for the agricultural sector including tractors, winemaking equipment, and agricultural machinery for farmers and agro-processors. Financing from AMD 1M, terms of 36-120 months, with a state-supported program rate as low as 2% annual nominal (for equipment up to AMD 250M with government subsidy). Available in AMD/USD/EUR.
• Eco Leasing (Ecoleasing) Green lease financing for solar photovoltaic systems, solar water heaters, waste recycling equipment, electric vehicles, electric vehicle chargers, greenhouses, and other environmentally sustainable equipment. Financing from AMD 1M to AMD 650M, terms of 12-96 months, down payment from 10%, available in AMD/USD/EUR. Marketed under the Ecoleasing sustainability sub-brand.
• Carlease Bundled vehicle leasing product covering passenger vehicles, buses, freight trucks, and specialty transport for legal entities and individual entrepreneurs. Includes insurance, technical inspection, property tax, and maintenance services bundled into a single monthly payment. Financing from AMD 5M to AMD 100M, terms of 6-48 months, zero down payment, warranty fee 5%-10% of asset value.

Quantifiable outcome

• 73.4% growth in total assets in 2024
• +4 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• Converse BankminorChannel Partner/ Reseller/ Distributor · 1 February 2026Converse Bank distributes Armleasing's corporate bonds on the Armenia Stock Exchange. The bond auction was completed in one day, reflecting strong investor confidence. Converse Bank also provides liquidity as market maker for Armleasing bonds.
• Sino ArmeniaminorGTM or Marketing PartnerSino Armenia supplies construction equipment and trucks for Armleasing EXPO 2026 special leasing promotions. Joint marketing for construction equipment and truck leasing at discounted rates (0.5%-4.7% nominal annual rate).
• SAIC Maxus ArmeniaminorGTM or Marketing PartnerSAIC Maxus Armenia supplies electric commercial vehicles (eDeliver 3, eDeliver 9) for Leasing EXPO 2026 special leasing promotions at preferential rates.
• Armenia Renewable Resources and Energy Efficiency Fund (R2E2)minorStrategic or Co-development PartnerR2E2 partners with Armleasing to provide favorable financing for electric vehicle charging station leasing, targeting infrastructure development and innovation in clean energy.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Converse Bank: Armenian universal bank that distributes Armleasing's bonds on the AMX stock exchange and also offers its own corporate lending and leasing products. A partner-counterparty and a competitor in the SME equipment financing space.
• Ardshinbank: Largest Armenian bank by assets, with an SME and corporate lending franchise that includes equipment and vehicle financing. Operates as a broad incumbent in the same target market as Armleasing.
• Ameria Bank: One of Armenia's largest universal banks, offering equipment financing and leasing products alongside full banking services. Represents a much larger incumbent competitor that can cross-subsidize lease pricing with deposit funding.
• Sberbank Leasing: Largest leasing company in the CIS by portfolio, part of Sberbank Group. Operates as a broad regional incumbent offering equipment and vehicle leasing across multiple sectors — comparable in product breadth if not in geography.
• ID Bank: Armenian universal bank providing SME lending and equipment financing. Several Armleasing executives previously worked at ID Bank, and it competes for the same MSME and corporate customers in Yerevan and regional Armenia.

Direct peers

• CARD AgroCredit: Armenian agricultural lending and rural finance institution focused on farmer and agribusiness credit. Directly comparable to Armleasing's Agro Leasing line, serving similar agricultural customers with equipment financing.
• FINCA Armenia: Leading microfinance institution in Armenia serving micro-entrepreneurs and small businesses with credit products. Directly comparable to Armleasing's Micro Leasing segment serving the same underbanked MSME customer base.
• Microfund Armenia: Armenian microfinance organization providing microcredit to small entrepreneurs. Competes directly with Armleasing's Micro Leasing product for the AMD 1-5M micro-equipment lease ticket.
• SEF International: Dutch-based impact investor in micro and small enterprise finance; has historically supported Armenian MFIs and SME lenders. A peer in the impact/MSME financing space and a potential future funding partner to Armleasing.
• ACBA Leasing: Armenian leasing company and former employer of Armleasing's CEO. It is the largest leasing franchise in Armenia, offering equipment and vehicle leasing to SMEs and corporates — directly overlapping with Armleasing's Business, Micro, and Carlease products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/armleasing
• LinkedInlinkedin.com/company/armleasing
• Instagraminstagram.com/armleasing

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Armenian Leasing Company