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Azerbaijani leasing company reconsiders tariff policy

Business Materials 17 July 2009 11:49 (UTC +04:00)

Azerbaijan, Baku, Jul.17 / Trend N.Ismayilova /

The Azerbaijani leasing company Texnika Leasing reconsidered its tariff policy, the company said.

The company offers leasing of equipment with 19-20 percent of interest rate for three years. Minimum value of the equipment should exceed 30,000 manat. Initial payment is about 30-35 percent.

Texnika leasing offered leasing equipment with 19-20 percent of interest rate for six- 24 months in early 2009. Minimum value of the equipment was 20,000 manat and initial payment was about 20-25 percent.

At present the leasing portfolio of Texnika Leasing is 6.5 million manat. The company signed about 55 leasing contracts.

Texnika Leasing is a subsidiary company of Texnika Bank. Texnika Leasing was established in the second half of 2005.

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