Bank Of Baku

AGLeasing triples leasing portfolio

AGLeasing triples leasing portfolio
# 17 March 2009 13:26 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-ECONOMICS. As of March 1, Azerbaijan-based AGLeasing posted its leasing portfolio at $12.559 million, up 3.1 times on a year ago.
The company’s director Sabuhi Bakhsheliyev said the cost of equipment leased increased by 2.2 times to AZN 16.1 million and the number of leasing agreements rose by 2.4 times to 138.
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. Its fixed capital is AZN 1 million.
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