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Nikoil Leasing sees a 4% decline in leasing portfolio

Nikoil Leasing sees a 4% decline in leasing portfolio

06 April 2010 11:27 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of April 1, 2010, Nikoil Leasing, an Azerbaijan-based subsidiary of Russiaâ€™s Uralsib Leasing, reported its leasing portfolio at AZN 5.320 million, down 3.9% from the beginning of the year.

According to deputy director Musa Turabov, no rate of 11 leasing contracts during this period. Volume of investment in the national economy equals to zero.

The leasing portfolio was diversified to the lease of special equipment and machines (81.9%), special purpose vehicles (14.5%), trucks (2.3%) and bank equipment (1.53).

Nikoil Leasing has been in operation since 2007.

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