Bank Of Baku

Technika Leasing triples assets

Technika Leasing triples assets
# 29 April 2009 15:53 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, Azerbaijan-based Technika Leasing posted its assets at AZN 6.807 million, up 3.2 times on a year ago.

The company said totral equity capital increased by 2.5 times year-on-year to AZN 5.416 million and fixed capital stood at AZN 0.200 million.

The cost of leased machines and vehicles increased by 85% to AZN 3.815 million and the number of leasing contracts increased by 66.7% to 50.

The company leases out machines and vehicles for 6-24 months at annual interest rate of 18-19% with a down payment of 20-25%.

Technika Leasing has been in operation since 2006.
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