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Azerbaijani Leasing Company to Increase Portfolio by End of 2007

Business Materials 26 November 2007 19:33 (UTC +04:00)

Azerbaijan, Baku / Trend corr U. Ismayilova / UniLeasing, one of the largest leasing companies in Azerbaijan, plans to increase its leasing portfolio by AZN 2mln by the end of the year to make it AZN 25mln, the company reported on 26 November.

At the beginning of November, leasing portfolio of the company comprised AZN 23mln.

A total of 40% of the portfolio was formed through leasing of construction equipment, and the remaining part through leasing of transport, industrial and medical equipment.

UniLeasing CJSC operating since 2004 has the authorized capital of AZN 1.8mln. The European Bank for Reconstruction and Development is a shareholder of the company (33.33%).

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