Parex Leasing & Factoring makes no investment in Azerbaijan this year

Parex Leasing & Factoring makes no investment in Azerbaijan this year
# 23 September 2009 08:38 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As at September 1, the title subsidiary in Azerbaijan of Latvia’s Parex Leasing & Factoring posted a leasing portfolio at $28.148 million, down 28% on a year ago.

Afghan Javadov, deputy chairman of the company, said the number of clients dropped by 12.6% year-on-year to 513.

According to him, the company has made no investment since early this year.

Parex Leasing & Factoring was registered in Azerbaijan in 2005.
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