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AGLeasing achieves 4 times rise in portfolio

AGLeasing achieves 4 times rise in portfolio

19 January 2009 14:24 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, Azerbaijan-based AGLeasing posted its leasing portfolio at $12.531 million, up 4.3 times from a year ago.
As opposed to the same period last year, the number of leasing agreements concluded during 2008 more than tripled to 131. The cost of equipment leased nearly trebled to AZN 476 914.
The portfolio mainly went to construction, public transportation and production industry.
AGLeasing is owned by AGBank (35%), UK Hyperion Investments Ltd. (30%), Millio Leasing Ltd. (10%) and US Delta Trans Group LLC (25%). The company has been in operation since 2005.

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