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Rabitabankâ€™s leasing company may start active operation next year

Rabitabankâ€™s leasing company may start active operation next year

09 January 2009 08:19 (UTC +04:00)

Baku. Elnur Huseynguliyevâ€“ APA-Economics. AzLizing Leasing Company, a subsidiary of Azerbaijanâ€™s Rabitabank, may launch active operation from 2010, said Elchin Gadimov, Chairman of the Bank.
He added that the companyâ€™s launch of operation was delayed due to the global financial crisis.
The bank set up AzLizing in May, 2005. The companyâ€™s authorized fund is AZN 49 000.
As at October 1, Rabitabankâ€™s assets stood at AZN 96.571 million, loan portfolio at AZN 72.504 million, deposit portfolio at AZN 79.342 million, total capital at AZN 12.361 million and authorized capital at AZN 8 million. It has 18 branches, 15 exchange bureaus, 21 ATMs and 84 POS terminals.
Rabitabank has been in operation since 1993.

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