Bank Of Baku

Azerbaijan’s largest leasing company achieves 9% rise in portfolio

Azerbaijan’s largest leasing company achieves 9% rise in portfolio
# 22 January 2009 08:07 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As at January 1, Azerbaijan-based Joint Leasing’s portfolio stood at AZN 55.587 million, up 9.2% on a year ago.
The company maintained its leading position in the domestic market during this period.
The company said the leasing contracts increased 20.4% to 384 in number while decreased 6.8% to AZB 23.084 million in value. .
Investment in the economy dropped 1.3% to AZN 21.974 million and the paid-in capital stood at AZN 700 000.
On June 14, 2007, Joint Leasing, owned by International Bank of Azerbaijan (47.6%) and Dolphin Leasing (52.4%), succeeded AzeriLeasing that had been in operation since 1999..
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