UNILEASING CONTINUES NEGOTIATIONS ON ATTRACTION OF FOREIGN FINANCE
The UniLeasing leasing company, founded by the commercial UniBank continues the organization of foreign financing. They are working on attraction of fund from the European Bank of Reconstruction and Development (EBRD) and other organizations interested in development of leasing in Azerbaijan, Hikmat Garibli, the chairman of the board of the UniLeasing, told Trend.
вЂњThe companyвЂ™s leasing portfolio exceeded $4 million on 40 projects. The company attracted finance from some local banks in 2004,вЂќ Garibli said.
The UniBank plans to direct $5 million of the International Finance Corporation to provision of the activities of the UniLeasing. Earlier the bank proposed to use $1.5 million from the credit line of the EBRD opened for the bank. The company started its activities with 1 billion manats statutory capital in 2004.