Azerbaijan, Baku, May 21 / Trend , U. Ismayilova/
Despite relative standstill in the market, portfolio of Joint Leasing, Azerbaijan's large leasing company, reached 30 million manat, the company said.
"About 95 percent of financed projects worth 38.4 million manat accounted for business and the remaining 5 percent were directed for use in production," the company said.
In Jan.-Mar., company lent new equipment worth 2 million manat.
As of April 1, total capital amounted to 2.73 million manat, which is 1.08 million more than in the first quarter of 2008. During this period, the company transferred 1.6 million manat to the public budget from separate projects. Basically, the company has funded projects in transportation, light industry, construction, food industry, services and trade.
The profit amounted to 477,000 manat in January-March.
Joint Leasing has operated on Azerbaijani leasing market since June 2004. The main founders of the company are DH Leasing LTD (United Kingdom) with share of 52.4 percent and International Bank of Azerbaijan with share of 47.6 percent. Joint Lizinq is successor of the first leasing company of Azerbaijan Azerileasing Joint Venture, which was established in 1999. The authorized capital amounts to 700,000 manat.
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