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AGLeasing gets 32% year-on-year rise in leasing portfolio

AGLeasing gets 32% year-on-year rise in leasing portfolio

23 September 2009 14:42 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. As of September 1, Azerbaijan-based AGLeasing posted its leasing portfolio at $11.063 million, up 32% from a year ago.

The company said the cost of leased equipment increased by 3.6% to AZN 11.245 million.

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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