Bank Of Baku

AtaLeasing affected by global financial crisis

AtaLeasing affected by global financial crisis
# 30 June 2009 14:09 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. The world financial crisis has adversely affected AtaLeasing leasing company.
Yusif Muslimov, Chairman of the Company, said leasing portfolio declined by 15% with the main decrease in special-purpose vehicle and construction equipment leasing.

According to him, the company’s leasing portfolio is expected to not grow until the end of the year.
AtaLeasing, part of AtaHoldin Group, has been in operation since 2004. As at June 1, its leasing portfolio stood at AZN 4.204 million.
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