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Nikoil Leasing gets a 2% decline in leasing portfolio

Nikoil Leasing gets a 2% decline in leasing portfolio

29 June 2009 09:58 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at June 1, Nikoil Leasing, an Azerbaijan-based subsidiary of Russiaâ€™s Uralsib Leasing, reported its leasing portfolio at AZN 5.715 million, down 1.9% from January 1.

According to deputy director Musa Turabov, the company secured AZN 6.952 million worth of 11 leasing contracts during this period.

The leasing portfolio was diversified to the lease of equipment (60%) and special purpose vehivles (40%).

The company charges an interest rate of 18-30% per annum.
Nikoil Leasing has been in operation since 2007.

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