Bank Of Baku

Ansar Leasing increases leasing portfolio by 16 times, in 2010

Ansar Leasing increases leasing portfolio by 16 times, in 2010
# 05 January 2011 10:48 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan-based Ansar Leasing’s leasing portfolio stood at $ 8 mln, up 16 times compared to 2009, head manager of company Jeyhun Nagiyev told APA.

According to him, the company leased $ 10 mln-leasing equipments in 2010, up 15.9 times in comparison to a year ago. Leasing contracts rose by 16 times to 160.

He also noted that, the financed projects were implemented in accordance to Islamic principles.

Note that, the company has invested $ 7.5 mln throughout 2010, up 17 times compared to 2009.

Remind that, Ansar Leasing Company has been in existence since December 12, 2008. Authorized capital made AZN 5 mln. The company operates on Islamic principles.
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