Azerbaijani largest leasing company's portfolio reduces by 8.5 percent
Azerbaijan, Baku, Oct. 27 / Trend A.Akhundov /
As of Oct 1, portfolio of Azerbaijani one of the largest leasing companies AG Leasing totaled 3.649 million manat compared to 3.989 million manat Sept. 1, the company said.
Number of leases involved in this period was 111compared. The total amount of leased equipment amounted to 6.375 million manat.
In terms of the lease portfolio JSC "AG Leasing" joins a group of leading leasing companies in Azerbaijan.
AGLeasing was established in 2005. Authorized capital is one million manat. The company mainly leases equipment in the fields of transport, trade and medicine. The company leases equipment for a period of 60 months with a deposit of 20-50 percent and interest rates of 20-24 percent.
AGBank's share holding is 35 percent, British Hiperion Capital Management - 30 percent, U.S Delta Trans LLC - 25 percent, British Milio Leasing Limited - 10 percent.
Official exchange rate is 0.8011 manat to $1 Oct.27.