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AGLeasing gets 89% year-on-year rise in leasing portfolio

AGLeasing gets 89% year-on-year rise in leasing portfolio

17 June 2009 12:28 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. As of June 1, Azerbaijan-based AGLeasing posted its leasing portfolio at $11.907 million, up 89.1% from a year ago.

The company said the cost of leased equipment increased by 4% to AZN 11.956 million and the number of leasing agreements rose by 15.6 times to 141.

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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