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Parex Leasing & Factoring gets 2% rise in leasing portfolio

Parex Leasing & Factoring gets 2% rise in leasing portfolio

03 December 2008 10:24 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at December 1, the title subsidiary in Azerbaijan of Latviaâ€™s Parex Leasing & Factoring posted a leasing portfolio at $44.824 million, up 22.1% on early this year.
Rashad Ismayilov, deputy director of Parex Leasing & Factoring, said the total cost of the leasing contracts reached $120.192 million.
According to him, the leasing portfolio went 32$ to construction vehicles, 20% to real estate, 17% to trucks, 15% to cars and buses, 8% to industry equipment and 8% to other sectors.
Parex Leasing & Factoring was registered in Azerbaijan in 2005.
Its authorized capital was $50,000 as of December 1.

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