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AGLeasing gets 9% year-on-year rise in leasing contracts

AGLeasing gets 9% year-on-year rise in leasing contracts

08 October 2009 16:27 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. As of October 1, Azerbaijan-based AGLeasing posted its leasing portfolio at $11.079 million, down 3.7% from a year ago.

The company said the cost of leased equipment decreased by 10.7% to AZN 10.633 million, and the number of leasing contracts rose by 9% to 133.

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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