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Opening ceremony of MCB Leasing held in Baku

13 July 2010 12:27 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. An opening ceremony of owned by Pakistan MCB Bank MCB Leasing was held today in Baku.

The companyâ€™s chairman of board of directors Ramal Jafarov says the main purpose of establishment of this company is to serve in Azerbaijanâ€™s financial sector, especially in non-oil sectors. The company intends to finance several projects of commercial organizations which operate in non-oil sectors and projects about the consumption.

Abdul Hamid Ambassador of Pakistan to Azerbaijan noted that the relations between Azerbaijan and Pakistan were at high level. â€œThe trade turnover between Azerbaijan and Pakistan is $ 11 mln. The volume of the trade turnover is lower.â€

According to him, Pakistan may invest capitals in Azerbaijan with the support of this company. This will increase the trade turnover.

MCB Leasing Company was licenced in October, 2009.