Baku. Vahab Rzayev – APA-Economics. As of November 1, 2012, Azerbaijan-based Joint Leasing Company’s leasing portfolio made AZN 36 mln, said the Company’s President Elchin Ahmedov.
According to him, the company has reduced interest rates on leasing financing.
Note that, the annual interest rates for persons paying down payment more than 35% will be introduced at least 17%. This figure was 18-20% before.
Ahmedov said that the company provided services on leasing of construction equipments, construction technique, auto transport, medical equipments, and commercial real estate.
Touching upon troubled loans of the company Ahmedov stressed that although the company did not feel any problem in this sphere, there were certain problems in the legislation of this sphere.
Remind that Joint Leasing has been in operation since 2007 as a legal heir of Azerlizing.
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