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Portfolio of Azerbaijani AGLeasing Reaches $8 Million

Business Materials 11 April 2008 13:32 (UTC +04:00)

Azerbaijan, Baku, 11 April / Trend / Azerbaijani leasing company AGLeasing summed up its operations for March 2008, the Company said on 11 April.

As of 31 March, the volume of Company's portfolio rose by 240% or $5.5mln against March 2007 and totaled to $7.8mln, confirming AGLeasing as one of the leading leasing companies of Azerbaijan.

The number of company's contracts doubled and totalling 94 as compared to March 2007.

The structure of AGLeasing portfolio is as follows: construction - 33%, public transportation: 20%, production - 13%, health - 3%, mining - 6%, tourism- 5%, trade - 7%, trucking industry - 9% and printing trades - 3%.

The leasing portfolio of Company covers all developing areas of the Azerbaijani economy with clients amongst both legal and physical entities.

AGLeasing was founded in early 2005. The Company with an authorized capital stock of AZN1mln is one of the capitalized leasing companies of Azerbaijan.

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