Bank Of Baku

Parex Leasing & Factoring gets 14% year-on-year rise in leasing portfolio

Parex Leasing & Factoring gets 14% year-on-year rise in leasing portfolio
# 03 March 2009 13:02 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As at March 1, the title subsidiary in Azerbaijan of Latvia’s Parex Leasing & Factoring posted a leasing portfolio at $40.624 million, up 14% on a year ago.
Rashad Ismayilov, acting director of Parex Leasing & Factoring, said the leasing portfolio went 32% to construction vehicles, 21% to real estate, 16% to trucks, 15% to cars and buses, 7% to industry equipment and 6% to other sectors.
Parex Leasing & Factoring was registered in Azerbaijan in 2005.
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