Authorized Capital of AtaLizinq Increased

Business Materials 26 July 2007 14:06 (UTC +04:00)

Azerbaijan, Baku / Trend corr. S.Babayeva / The press-service of AtaLizinq JSC has reported that the decision to increase the authorized capital of the company by 100%, as a result of the authorized capital of the company having achieved AZN 1mln, was made during the last meeting of the founders of the company. AtaLizinq, which began operating with AZN 500,000 authorized capital in 2004 and now comprises AZN 2,286,266. Increasing authorized capital, the company is planning to enlarge issues of new bonds and leasing portfolio by AZN 1mln.

AtaLizinq is the member of a group of companies of AtaHolding, which was founded in July 2004. AtaHolding (64%) and AtaBank (36%) are the founders of the company. The company was the first to receive the ISO 9001: 2000 certification in June amongst the Azerbaijani leasing companies.