Bank Of Baku

Nikoil Leasing increases profit

Nikoil Leasing increases profit
# 20 August 2010 14:57 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of August 1, 2010, Russia’s Azerbaijan-based Nikoil Leasing Company’s leasing portfolio stood at AZN 4.906 mln, up 21.4% compared with a year ago.

Company says company’s leased equipments accounted AZN 7.940 mln invested capital in economy remained unchanged at AZN 5.884 mln.

The leasing contracts of te company rose by 18% to 13. Authorized capital stood steady at AZN 100 000.

The profit made AZN 75 000 in January-July, 2010, up 44% compared with a year ago.

Nikoil Leasing Company has been in operation since 2007.
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