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Azerbaijan’s Leading Leasing Company to Increase its Portfolio to AZN 3mln by End of 2007

Business Materials 22 October 2007 19:12 (UTC +04:00)

Azerbaijan, Baku / Trend corr U. Ismayilova / Ata Leasing, one of Azerbaijan's leading leasing companies, increased its portfolio to AZN 2.6mln in January to September, the company's deputy chairman of the board, Eldar Dashdamirov, said. The company plans to extend its portfolio to AZN 3mln by the end of the year.

According to Dashdamirov, within the 9 months of 2007 the company signed 42 leasing agreements, mainly on special construction equipments, in the sum of AZN 3.5mln.

A total of 16% of the leasing agreements were signed in the regions, Dashdamirov said.

Speaking on the plans of the company by the end of the year, he said that Ata leasing intended to increase its authorized capital from AZN 500,000 to AZN 1mln.

Ata leasing operating in Azerbaijani market since 2004 is a subsidiary of Ata Bank.

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