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Azerbaijani Leasing Companies Association to expand

Business Materials 25 January 2010 19:28 (UTC +04:00)

Azerbaijan, Baku, Jan. 25 / Trend U.Ismayilova /

The Azerbaijani Leasing Companies Association (ALCA) is planning to expand the list of its members by more three companies, the Association reported today

"At present, the Association brings together eight leasing companies," the Association said

The Association will soon resolve the question of accepting to membership Standard Leasing, Ansar Leasing and Parex Leasing & Factoring.

The decision to accept these leasing companies is expected during the first quarter

The Association prepares to negotiate with Pakistan Leasing Company which is functioning on the Azerbaijani leasing market 

The ALCA members are Ata Leasing, AG Leasing, Qafqaz Leasing, Joint Leasing, Uni Leasing, CredAgro, Banf of Baku, Demir Bank. The ALCA members pay 2,200 manat fees annually. The Association was established Oct. 27, 2004. The ALCA founders are Ata Leasing, Uni Leasing and Mugan Leasing.

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