Bank Of Baku

Nikoil Leasing sees 8% decline in leasing portfolio

Nikoil Leasing sees 8% decline in leasing portfolio
# 09 June 2010 10:48 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of June 1, 2010, Azerbaijan-based Nikoil Leasing Company’s leasing portfolio stood at AZN 5.074 mln, down 8.3% compared with a year ago.

According deputy general director Musa Turabov, company’s number of leasing contracts rose by 9.1% to 12. Authorized capital remained unchanged at AZN 100 000.

82.6% of leasing portfolio was production equipments, 13.8% - construction technique, 2.3% transport sector, 1.2% other sectors.

Nikoil Leasing Company has been in operation since 2007.
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