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Azerbaijan leasing company's portfolio reduced by 2 percent in February

Business Materials 1 April 2010 18:52 (UTC +04:00)

Azerbaijan, Baku, April 1 / Trend U. Ismayilova /

As of March 1, the portfolio of one of the largest leasing companies in Azerbaijan AG Leasing totaled 6.234 million compared to 6.362 million manat as of February 1, the company said.

AGLeasing was established in 2005. Authorized capital is 1 million manat.

AGBank's share holding is 35 percent, the British company Hiperion Capital Management - 30 percent, the American Delta Trans LLC - 25 percent, the British firm Milio Leasing Limited - 10 percent.

On April 1, the official exchange rate is 0.8034 manat to $1.

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