Azerbaijan, Baku, Feb. 19 / Trend, A. Akhundov /
The portfolio of Azerbaijani leasing company, Joint Leasing hit 35.312 million Manat in 2012, which allowed it to maintain leading positions on the market, the company told Trend on Tuesday.
Today, 40 percent of the portfolio falls under construction, 33 percent to transport, 20 percent to the manufacturing sector, 7 percent to other areas.
The company has invested in transport, light, construction, food, health, trade, services, agricultural and banking.
The number of the company's contracts exceeds 200. Around 520 contracts were financed.
The Joint Leasing Company was established on June 14, 2007 as the legal successor of Azerilizing. The founders of the Joint Leasing Company are British DH Leasing LTD (52.4 percent) and the International Bank of Azerbaijan (47.6 percent). The company's authorized capital hits 700,000 Manat.
Joint venture Azerilizing, predecessor of Joint Leasing, is the first leasing company in the country. It was established in 1999 by the International Bank of Azerbaijan and Qarantileasing (Turkey). In 2002, Qarantileasing suspended its participation in the foundation of the company, thereafter, Azerilizing" continued to operate as a subsidiary of the IBA.
The official exchange rate is 0.7847 AZN/USD on Jan. 19.