Paşha Bank
Bank Of Baku

Nikoil Leasing sees 12% decline in leasing portfolio

Nikoil Leasing sees 12% decline in leasing portfolio
# 05 July 2010 14:40 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Nikoil Leasing Company’s leasing portfolio stood at AZN 4.889 mln, down 11.7% from early of this year.

Company says the number leasing contracts rose by 9% to 12. Authorized capital remained unchanged at AZN 100 000.

The worth of leased equipments and invested capital in economy stood steady at AZN 7.996 mln and 5.884 mln. The 82.6% in leasing portfolio came from production equipments, 13.8% from construction technique, 2.3% from transport sector and 1.2% from other sectors.

Nikoil Leasing Company has been in operation since 2007.
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