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Joint Leasing increases leasing portfolio by 14%

28 August 2012 10:24 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of August 1, 2012, Azerbaijan-based Joint Leasingâ€™s leasing portfolio stood at AZN 35 mln, up 13.6% from year earlier.

General Director of Joint Leasing Elchin Ahmadov says the company will continue to work to improve the performance: â€˜As an important part of the financial sector - Azerbaijani leasing companies continue to work in difficult times. Only the right policy, adequate preventive measures to avoid risks, portfolio diversification allow leasing companies to operate successfullyâ€™. In his view, stable financial performance identifies sustainable business development.

â€™With a focus on risk management and liquidity, given the demands of customers, Joint Leasing offers modern high quality leasing products. Currently Joint Leasing is leasing of heavy industrial equipment, construction equipment, trucks, cars, medical equipment, business real estate. Thanks to the support of its shareholders - the International Bank of Azerbaijan, Joint Leasing is willing to finance large business projects for small, medium and large businessesâ€™.

With the support of its shareholders - MBA and DH Leasing Ltd, the company intends to further improve its performance before the end of 2012. This year, the Joint Leasing plans to expand the use of export financing scheme, attract to diversify its financial resources and funds from other sources.

Joint Leasing established on June 14, 2007, on the basis of AzerLeasing.