Azerbaijani collection agency intends to triple its portfolio in 2014
Baku, Azerbaijan, Jan.15
By Emin Aliyev - Trend:
The only collection agency in Azerbaijan 'BOA' intends to bring its portfolio to 50 million manats in 2014, director of the agency, Samir Mustafayev told Trend on Jan. 15.
"Currently the company's portfolio is about 15 million manats," he added.
Mustafayev said the company's plans for the current year include expansion of the customer base and partner network.
"Three Azerbaijani banks are cooperating with us at the moment. Also, negotiations are being conducted with another large commercial bank in the country. We have presented our proposals to potential partners and hope to get an answer later this month," he said.
He also added that the company is also working with major retail networks and individuals.
"Our customers include about 25-30 retailers networks specializing in the sale of office equipment, electronics, home appliances and other products," Mustafayev said.
BOA LLC passed the registration of the Taxes Ministry on December 19, 2011 and started operating in late 2012.
The official exchange rate on Jan. 15 is 0.7845 AZN/USD.
Translated by E.A.
Edited by C.N.