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Azerbaijani Largest Leasing Company Portfolio Reaches $7mln

Business Materials 19 March 2008 17:01 (UTC +04:00)

Azerbaijan, Baku, 19 March / Trend corr. U.Ismayilova / The volume of portfolio of the Azerbaijani largest leasing company AGLeasing CJSC was marked up by $4.9mln and reached about $7mln in February 2008, against February 2007.

The sum of leasing rendered to clients totaled $9.93mln in the end of February, which is more by 168% or $6.23mln compared to February 2007.

The total number of leasing contracts signed with AGLeasing in the end of February 2008 increased by 93% and made up 87 contracts.

The structure of leasing portfolio of the company on agriculture includes- building sector - 32%, transport -21%, production - 13%, health- 5%, mountain industry - 7%, tourism- 3%, trade- 8%, cargo transport - 6% and polygraph -4%.

Company's clients are juridical entities and individuals. Company's key aim is to aid clients to develop their business with less expenditure.

AGleasing was established in 2005, and is the one of leaders in the leasing market of Azerbaijan. AGBank and Hyperion hold a 30% participation share in the capital of the company, whereas 25% belongs to Delta Trans and 15% to Milio Ltd. The authorized capital of the company made up AZN 1mln. The company has succeeded in leasing market of the country.

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