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Cost of leased equipment by AGLeasing exceeds AZN 3 mln

Cost of leased equipment by AGLeasing exceeds AZN 3 mln

05 July 2011 10:02 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of July 1, 2011, Azerbaijan-based AGLeasing companyâ€™s leasing portfolio made AZN 3.183 mln, down 405 from a year ago.

Company says value of leased equipment decreased by 2.7 times to AZN 3.151, the number of leasing agreements decreased by 44% to 57. During the reporting period, the authorized capital of the company remained unchanged. Concerning the structure of the leasing portfolio, construction, transport and manufacturing sectors made the base of portfolio.

Remind that, AGLeasing company has been in operation since 2005. As of July 1, 2011, the companyâ€™s authorized capital made AZN 1 mln.

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