Bank Of Baku

Nikoil Leasing gets a decline in leasing portfolio

Nikoil Leasing gets a decline in leasing portfolio
# 07 April 2009 13:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As at April 1, Nikoil Leasing, an Azerbaijan-based subsidiary of Russia’s Uralsib Leasing, reported its leasing portfolio at AZN 5.756 million, down 0.9% from January 1.
The company secured AZN 6.990 million worth of 11 leasing contracts during this period, up 0.6% from early this year.
The company charges an interest rate of 18-30% per annum.
Nikoil Leasing has been in operation since 2007.
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