Leasing.express modernization: risk optimization and fleet diversification

Central Asia Capital's portfolio leasing company, leasing.express, completed the first phase of its business process optimization in 2026. In the first half of the year, the team implemented a series of systematic changes designed to mitigate credit risks, increase customer lifetime value (LTV), and diversify the collateral fleet. The financial impact of these measures is expected to be fully reflected in the company's metrics toward the end of the year.

Risk management optimization: integration of insurance products into the payment structure

In H1, the company overhauled its approach to collateral risk management. CASCO and MTPL policies are now embedded in the lease payment structure for the entire contract term. Additionally, in partnership with insurance operators, the company launched a personal accident insurance mechanism covering the lessee's financial obligations.

For the fund as an investor, these measures are expected to significantly reduce the risk of default in the event of an insured loss and help preserve the value of the vehicle serving as collateral. A precise assessment of these measures' impact on portfolio quality will be conducted at year-end.

Asset diversification and environmental focus

During the reporting period, leasing.express expanded its funded vehicle lineup. This will help diversify the portfolio and reduces reliance on a narrow segment of automakers:

• Mass market. In partnership with AvtoVAZ, the company began deliveries of commercial and passenger models (Lada Niva Legend, Lada Largus VAN, Lada Granta) expected to provide high liquidity on the secondary market.

• Electric vehicles (EV). Supporting Kyrgyzstan's national policy on green economy development, the company began adding BYD and Changan electric vehicles to its fleet. This provides leasing.express with entry into the high-growth eco-transport segment.

The measures implemented by the leasing.express team in H1 validate Central Asia Capital's strategy to build transparent institutional businesses capable of adapting preemptively to risk management requirements. These steps establish a foundation for growth, and their quantitative results will be presented in the annual report.