Azerbaijani state leasing company ceases operations

Business Materials 30 April 2019 14:02 (UTC +04:00)

Baku, Azerbaijan, April 30

By Kheyraddin Nasirzade - Trend:

Aqrolizinq OJSC, Azerbaijan state leasing company, has ceased operations, a source at the company told Trend.

The source noted that in connection with the decree on improving leasing operations in the agricultural sector signed by President Ilham Aliyev on December 19, 2018, the company ceased to provide leasing services.

Currently, the company carries out sales through cooperation with other leasing companies and banks, namely NBC Lizinq, Prior Lizinq, MK Lizinq.

The source said that the company is accepting customer requests and, depending on their requests, redirects applications to one of three leasing companies.

Aqrolizinq OJSC, which was established on October 23, 2004, is owned by the Ministry of Agriculture of Azerbaijan.

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