The Association of Leasing Companies

What The Association of Leasing Companies does

The Association of Leasing Companies of Serbia (ALCS / Asocijacija lizing kompanija Srbije) is a non-profit business association founded in June 2004 under the SEED initiative of the World Bank to support SME financing in Southeast Europe. Headquartered at Knez Mihailova 33/2 in Belgrade, ALCS represents 11 full member leasing companies—including major bank-affiliated and OEM-affiliated lessors such as Intesa Leasing, OTP Leasing Srbija, UniCredit Leasing, Raiffeisen Leasing, NLB Lease&Go, Porsche Leasing, Scania Leasing, and AIK, ALTA, BKS, and ERSTE/S-Leasing—alongside 13 associate members spanning insurers (Dunav, Globos, UNIQA, Wiener Städtische, Triglav, Milenijum), technology providers (Algotech, Comtrade, Cube team), automotive firms (Toyota), and service companies. ALCS is funded by membership fees and operates as a collective advocacy body rather than a commercial enterprise, with no proprietary technology products or pricing model.

ALCS's service portfolio centers on five areas: industry advocacy and regulatory representation; collection and publication of market statistics (quarterly reports tracking new contracts, growth, and asset segmentation); professional education and training delivered through partnerships with the Faculty of Economics Belgrade, Singidunum University, and Belgrade Banking Academy; industry conferences including the "Financing the Future" partnership with the Serbian Chamber of Commerce; and coordination of European alignment via the Leaseurope CESEE cluster. The association also operates as the convening body for cross-industry initiatives—digitalization of the leasing process from financing approval through electronic vehicle registration with the Ministry of Interior and Business Registers Agency, AML cooperation with the Directorate for Prevention of Money Laundering, and green financing advocacy for hybrid and electric vehicles.

The Serbian leasing market overseen by ALCS reached €1,023.7 million in newly concluded contracts during 2025, marking the second consecutive year above the €1 billion threshold with 4.3% YoY growth. Leasing finances 48.5% of all new passenger and light commercial vehicles sold in Serbia, with passenger vehicles (49.5%), commercial/freight vehicles (35.6%), machinery and equipment (14.6%), and real estate (0.3%) comprising the asset mix. Green vehicle financing grew 66% YoY to €151.6M. Governance is conducted by an Assembly and Management Board; as of March 2026, Bojan Vračević (OTP Leasing Srbija) serves as President with Bojan Erak (Intesa Leasing) and Ivan Jauković (UniCredit Leasing) as Vice Presidents, and Teodora Milenković as General Secretary.

Name

The Association of Leasing Companies

Legal name

Poslovno udruženje davalaca lizinga ALCS

Website

https://alcs.org.rs

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

The Association of Leasing Companies of Serbia (ALCS) is a non-profit industry association founded in 2004 that represents 11 full member leasing companies and 13 associate members, advocating for the Serbian leasing sector, publishing market statistics, coordinating with regulators on digitalization, and aligning the industry with European standards through Leaseurope.

Ownership category

akta.pro rank

Headquarters

HQ city

Belgrade

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels1 record

Marketing channels4 records

Core offering

ALCS is a non-profit industry association founded in June 2004 that represents leasing companies operating in Serbia. The association provides its 11 full member leasing companies and 13 associate members with industry advocacy and representation before regulators, quarterly market statistics on leasing activity, professional education and training, conferences and networking events, and active participation in the Leaseurope CESEE cluster for European standards alignment. ALCS also supports the digitalization of leasing processes in partnership with the Serbian Ministry of Interior and Business Registers Agency, and promotes green financing for electric and hybrid vehicles.

Product overview

The Association of Leasing Companies (ALCS) is a non-profit industry association established in June 2004 that serves as the collective representative for leasing companies operating in Serbia. Rather than offering a single unified product, ALCS provides a portfolio of services including industry advocacy and representation, market statistics and research, professional education and training, conference organization, and participation in international leasing associations (Leaseurope CESEE cluster). The association acts as a coordinating body between its member leasing companies and regulatory authorities, supporting digital transformation initiatives and promoting sustainable mobility and green financing in Serbia's leasing sector.

Differentiator

Problem solved

Functional benefit

Products and services

• ALCS Membership

Quantifiable outcome

• The Serbian leasing market achieved 1 billion euros in newly concluded contracts for the second consecutive year (2025)
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Association of Banks of Serbia (UBS)coreStrategic or Co-development Partner · 22 April 2026UBS and ALCS signed a Business Cooperation Agreement on April 22, 2026. The agreement enables mutual support and cooperation in member education, various activities and initiatives, event organization, and exchange of information regarding legal framework changes and institutional proposals important for members of both associations.
• Serbian Chamber of Commerce (Privredna komora Srbije - PKS)coreStrategic or Co-development Partner · 1 October 2025ALCS partnered with PKS to organize the conference 'Finansiranje budućnosti: uloga lizinga u razvoju privrede' (Financing the Future: The Role of Leasing in Economic Development). The conference was opened by the State Secretary in the Ministry of Economy and featured presentations by Leaseurope's Director General.
• LeaseuropecoreStrategic or Co-development Partner · 1 May 2025ALCS is a member of Leaseurope, the European Federation of Leasing Company Associations. The membership enables knowledge exchange, regulatory alignment with European standards, and participation in the CESEE (Central, Eastern and South-Eastern Europe) cluster. ALCS rejoined Leaseurope in May 2025 after a period of inactivity.
• Faculty of Economics, University of BelgrademinorStrategic or Co-development Partner · 11 December 2024ALCS and the Faculty of Economics signed a Memorandum of Business Cooperation on December 11, 2024. The partnership aims to develop students through guest lectures, presentations, professional programs, student and work practices, and mentoring programs. It provides students opportunities to learn about leasing as an innovative and dynamic industry in the financial sector.
• Singidunum UniversityminorStrategic or Co-development Partner · 4 July 2024Singidunum University and ALCS signed a Business Cooperation Agreement covering education, training, professional cooperation, and work practices. Ivan Jauković (President of ALCS Management Board) and Teodora Milenković (ALCS Secretary General) delivered an interactive lecture on 'Leasing as an Innovative Financial Product'.
• Udruženje društava za leasing u BiH (Leasing Association of Bosnia and Herzegovina)minorStrategic or Co-development Partner · 1 May 2024Regional cooperation meeting where representatives Nedim Milišić (President) and Brankica Gaco (General Secretary) visited ALCS to exchange experiences and discuss legal frameworks and business practices in leasing. Ivan Jauković (ALCS Vice President) and Miroslav Milovanović (ALCS Management Board member) participated from ALCS side.
• Belgrade Banking AcademyminorStrategic or Co-development Partner · 16 April 2024Meeting held on April 16, 2024 to discuss cooperation in student internships and participation of ALCS representatives in teaching. Goal is to introduce young talented people to leasing as an innovative and dynamic industry and a great start to a career in the financial sector.
• Ministry of Interior (MUP) and Business Registers Agency (APR)coreTechnology or IntegrationALCS member leasing companies collaborated with the Ministry of Interior and Business Registers Agency to enable full digitalization of the leasing process, including vehicle registration with MUP entirely electronically.
• Serbian Association of Vehicle and Parts ImportersminorStrategic or Co-development PartnerALCS cooperates with the Serbian Association of Vehicle and Parts Importers to support initiatives for importing environmentally friendly vehicles and limiting imports of vehicles that negatively affect the environment and traffic safety. Joint participation in auto show events.
• Uprava za sprečavanje pranja novca (Directorate for Prevention of Money Laundering)minorStrategic or Co-development PartnerAnnual meetings held in November where the Directorate presented recognized money laundering typologies, current trends, growing threats, targeted financial sanctions, and other developments in anti-money laundering to leasing company representatives.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Leaseurope (European Federation of Leasing Company Associations): Federation-level industry body representing leasing associations across Europe. ALCS is a member and participates in its CESEE cluster; Leaseurope operates one layer above national associations with broader scope, deeper research, and EU-level lobbying.

Direct peers

• Asocijacija uvoznika vozila i delova (Serbian Association of Vehicle and Parts Importers): Serbian vehicle importer industry association. Active cooperation partner with ALCS on EV import initiatives, auto shows, and environmental vehicle policy. Operates adjacent to ALCS in the auto-finance value chain.
• Privredna komora Srbije (Serbian Chamber of Commerce / PKS): National chamber of commerce in Serbia. Partnered with ALCS to organize the "Financing the Future" conference with Ministry of Economy participation. Peer in being a national industry/business coordination body in Serbia with overlapping membership touchpoints.
• Udruženje banaka Srbije (Association of Banks of Serbia / UBS): Serbian banking industry trade association that signed a Business Cooperation Agreement with ALCS in April 2026. Peer in structure (national financial sector association) and a strategic collaborator on member education, events, and regulatory framework engagement.
• Udruženje društava za leasing u BiH (Leasing Association of Bosnia and Herzegovina): Direct regional peer — the leasing industry trade association in Bosnia and Herzegovina. ALCS and this association have an established bilateral cooperation arrangement through the CESEE cluster and share a near-identical mission of representing leasing companies in a Western Balkan market.

Regional players

• Združenje družb za leasing Slovenije (Leasing Association of Slovenia): Slovenian leasing industry trade association — a CESEE cluster peer. Comparable structure (national trade body for leasing providers), but serves the Slovenian market and operates under EU regulatory frameworks that Serbia is aligning toward.
• Magyar Lízingszövetség (Hungarian Leasing Association): Hungarian leasing industry trade association and fellow CESEE cluster participant. Comparable in mission and structure to ALCS; serves a more mature EU-aligned leasing market in Hungary, providing regional benchmarking and policy coordination opportunities.
• Hrvatska udruga za leasing (Croatian Leasing Association): Croatian leasing industry trade association, fellow CESEE cluster member. Comparable mission and structure as ALCS, but operating in an EU member state with full EU regulatory alignment, providing a benchmark and peer for Serbia's regulatory convergence journey.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/asocijacija-lizing-kompanija-srbije-alcs

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 The Association of Leasing Companies