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Joint Leasing achieves 16% rise in portfolio

Joint Leasing achieves 16% rise in portfolio

23 October 2009 14:24 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at October 1, Azerbaijan-based Joint Leasingâ€™s portfolio stood at AZN 36 million, up 16.2% from a year ago.

The company maintained its leading position in the domestic market during this period.

The company said the leasing contracts increased 2.8% to AZN 74 million in value.

The portfolio mainly went to the construction sector (29%), transport sector (27%) and about 23% to manfacturing.
Investment in the economy reached AZN 2 million and the total equity capital stood at AZN 43 million. The number of leasing contracts reached 239.

On June 14, 2007, Joint Leasing, owned by International Bank of Azerbaijan (47.6%) and Dolphin Leasing (52.4%), succeeded AzeriLeasing that had been in operation since 1999..

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