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Nikoil Leasing gets a 0.6% decline in leasing portfolio

Nikoil Leasing gets a 0.6% decline in leasing portfolio

04 March 2009 07:50 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at March 1, Nikoil Leasing, an Azerbaijan-based subsidiary of Russiaâ€™s Uralsib Leasing, reported its leasing portfolio at AZN 5.794 million, down 0.6% from January 1.
The company secured AZN 6.990 million worth of 11 leasing contracts during this period, up 0.5% from early this year.
Besides, investment in economy grew by 0.5% to AZN 5.916 million.
The company charges an interest rate of 18-30% per annum.
Nikoil Leasing has been in operation since 2007.

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