Azerbaijan's Turan Lizinq to develop action strategy
Azerbaijan, Baku, June 22 / Trend N.Ismayilova /
Azerbaijan's Turan Lizinq leasing company is to develop an action strategy by late 2011, Chairman of the Turan Bank Supervisory Board Fuad Musayev told Trend. Turan Bank is a 100 percent shareholder of Turan Lizinq.
"The bank will launch the work aimed at the promotion of the leasing company since 2011. It will develop a business strategy, taking into account the state programs implemented in the
He said the company will act as a legal person, regardless of the bank. The governing form will be changed from Ltd. to JSC.
"We also want to introduce the modern corporate governance standards at the company and continue our cooperation with IFC," he said.
Today, Turan Lizinq's leasing portfolio is 0.5 million manat and share capital - 100,000 manat.