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The Bulgarian Association for Leasing (BAL) is a non-profit organization representing the leasing companies in the Republic of Bulgaria. The BAL was established after the merger of the two national associations – Bulgarian Association of the Leasing Companies and Bulgarian Association for Development of the Leasing Business. The merger is a fact since the court has announced the decision of merger on February 13th, 2006.


The activities of BAL include protection of interests of all companies carrying out leasing activities, promotion of leasing, and encouragement of leasing activities in the Republic of Bulgaria, by recognition of the principles of equality of all market participants and fair competition.


The main aims and goals of the Bulgarian Association for Leasing are:

  Improving the Bulgarian commercial and tax legislation concerning the leasing activities;
  Improving the competitiveness of the Bulgarian leasing industry;
  Promoting fair competition practices on the Bulgarian leasing market;
  Increasing the awareness of the Bulgarian business community and consumers on issues related to leasing products and activities;
  Participation in international leasing organizations and forums.


The BAL bodies are the General Assembly and the Management Board. The BAL General Assembly is its supreme body and it consists of all its members The Management Board is the body that is responsible for the operational management of the Association. It consists of nine members elected by the General Assembly with a mandate of three years. A Legal Committee established in 2015 function as supporting structure at the Association.


BAL has been a member of Leaseurope – the European federation of Associations of Leasing companies and the Confederation of Employers and Industrialists in Bulgaria.