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Azerbaijani Insurance and Leasing Companies Develop Joint Project

Business Materials 29 August 2008 12:23 (UTC +04:00)

Azerbaijan, Baku, 29 August / Trend corr. U.Ismayilova / Parex leasing & factoring, one of the leading leasing companies in Azerbaijan jointly with Ateshgah insurance company and Improtex Motors, the German BMW official automobile dealer, have commenced a new joint project to finance purchasing and insurance of BMW automobiles.

Clients of Improtex Motors may purchase BMW through 15% prepayment, 18% interesting rate per year, as well as five years leasing term and provide insurance for purchased automobile in accordance with Ateshgah company's Auto CASCO program.

Leasing and insurance is formed in BMW saloon. The program covers all MBW automobiles and is real both for individuals and juridical entities.

Parex leasing & factoring is Azerbaijani company with 100% Latvian capital and is a daughter branch of Latvian Parex Bank.

The correspondent can be contacted at: [email protected]

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