Azerbaijan, Baku, 20 February / Trend corr. U.Ismailova / The Lithuanian leasing company Parex Leasing and Factoring started implementation of the largest project with the cost of over $5mln in the end of 2007.
The project envisages leasing of construction materials. The company did not detail the name of the company it concluded the agreement.
Parex Leasing and Factoring assets made up $40mln at early 2008. The company is planning to increase the number of assets in two times by the end of the year.
Parex Leasing and Factoring has been functioning since March 2005. The company is the daughter company of the largest Lithuanian bank Parex Bank. The leasing companies of the bank are operating if Moscow, St.Petersburg, Kiev, Minsk, Tallinn and Vilnius.