Ansar Leasing increases leasing portfolio

Ansar Leasing increases leasing portfolio
# 04 April 2011 11:24 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Ansar Leasing Cmpany’s leasing portfolio stood at AZN 10 mln, up 19.1 times compared to a year ago, head manager of Company Jeyhun Nagiyev told APA.

According to him, the company has leased near $ 14 mln leasing equipments in January-March, 2011, up 19.7 times from year earlier. At the same time, leasing contracts rose 16.3 times to 196.

He says all projects have been financed in accordance to Islamic principles. Total $ 50 000-leasing equipments have been leased on agriculture sector, that $ 40 000 of this was financed by Ansar Leasing.

Note that, the company’s investment in country’s economy rose 19 times to AZN 13.4 mln. Delayed payments make 0.5%.

Remind that, Ansar Leasing has been in operation since 2008.
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