Azerbaijan, Baku, Jan. 13 / Trend U.Ismayilova /
As of Jan. 1, 2011, portfolio of one of the largest Azerbaijani leasing companies -AG Leasing totaled 3.013 million manat compared to 3.143 million manat a month earlier, the company said.
Number of leases involved in this period was103 compared to 105 in December 2010. The total amount of leased equipment amounted to 5.553 million manat compared to 5.717 million manat as of Dec.1, 2010.
As of Jan.1, 2010, the company's portfolio was 9.856 million manat. Number of leases involved in this period was131. The total amount of leased equipment amounted to 10.076 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.
The official exchange rate is 0.7975 manat to $1 Jan. 13.