Bank Of Baku

Ansar Leasings portfolio increases by 30 times year-on-year

Ansar Leasings portfolio increases by 30 times year-on-year
# 08 November 2010 11:29 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of November 1, 2010, Azerbaijan-based Ansar Leasing’s portfolio stood at $ 6 mln, up 30 times compared with a year ago, head manager of company Jeyhun Nagiyev told APA.

According to him the company started to finance the leasing objects in October, 2009 and leased $ 7.5 mln – equipments so far, up 27 times in comparison to year ago. The leasing contracts rose by 31 times to 125.

He also noted that these projects are financed in accordance to Islamic Principles. Company leased USD 75 000 – equipments to agriculture.


45% in leasing portfolio is for public transport, 40% for construction sector and 15% for consumer-purpose cars.

Note that Ansar Leasing Company has been registered in December 12, 2008. The company’s authorized capital made AZN 5 mln.
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