Bank Of Baku

AGLeasing gets 2.6 times year-on-year rise in leasing portfolio

AGLeasing gets 2.6 times year-on-year rise in leasing portfolio
# 16 April 2009 10:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-ECONOMICS. As of April 1, Azerbaijan-based AGLeasing posted its leasing portfolio at $12.183 million, up 2.6 times on a year ago.
The company said the cost of equipment leased increased by 2.1times to AZN 16.113 million and the number of leasing agreements rose by 2.2 times to 138.
The portfolio mainly went to construction, public transportation and production industry.
AGLeasing is owned by AGBank (35%), UK Hyperion Investments Ltd. (30%), Millio Leasing Ltd. (10%) and US Delta Trans Group LLC (25%). The company has been in operation since 2005. Its fixed capital is AZN 1 million.
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