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Nikoil Leasing gets a 10% decline in leasing portfolio

Nikoil Leasing gets a 10% decline in leasing portfolio

14 December 2009 15:35 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at December 1, Nikoil Leasing, an Azerbaijan-based subsidiary of Russiaâ€™s Uralsib Leasing, reported its leasing portfolio at AZN 5.221 million, down 10.4% from January 1.

According to deputy director Musa Turabov, the company secured AZN 7 million worth of 11 leasing contracts during this period.

The leasing portfolio was diversified to the lease of special equipment and machines (79.63%), special purpose vehicles (16.33%), trucks (2.36%) and bank equipment (1.68%).

The company charges an interest rate of 18-30% per annum.
Nikoil Leasing has been in operation since 2007.

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