...

Azerbaijani leasing company 2008 portfolio tops 55 mln manat

Business Materials 2 February 2009 18:09 (UTC +04:00)

Azerbaijan, Baku, Feb. 2 / Trend , U.Ismayilova/  

The 2008 portfolio of Joint Leasing, a large leasing company in Azerbaijan, hit 55.58 million manat, the company said on Feb. 2.

Joint Leasing signed 384 leasing agreements in 2008. Company's investments in Azerbaijani economy amounted to 21.97 million manat in 2008.

In 2008, Joint Leasing introduced two new products - automobile leasing and commercial property leasing. Commercial property leasing period was extended to 10 years.

Construction sector added 40 percent, transport added 33 percent and production added 20 percent to the leasing portfolio of the company.

Joint Leasing has been operating since 2007 as a juridical successor of the first leasing company in Azerbaijan - Azerleasing. Joint Leasing shareholders are DH Leasing LTD (52.4 percent) and the International Bank of Azerbaijan (47.6 percent).

Do you have any feedback? Contact our journalist at [email protected]

Latest

Latest