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AGLeasing gets 2% year-on-year rise in leasing contracts

AGLeasing gets 2% year-on-year rise in leasing contracts

08 December 2009 13:16 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. As of December 1, Azerbaijan-based AGLeasing posted its leasing portfolio at $10.944 million, up 4.9% from a year ago.

The companyâ€™s business director Ulviyye Huseynova said the cost of leased equipment decreased by 19.3% to AZN 10.085 million, and the number of leasing contracts rose by 1.6% to 313.

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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