Azeri Leasing made investment of AZN 16.3mln last year

Azeri Leasing made investment of AZN 16.3mln last year
# 21 February 2007 16:03 (UTC +04:00)
Azeri Leasing Company has made investment of AZN 16.3mln to the economy in 2006.
Director Jeyhun Naghiyev told APA that the cumulative leasing operations portfolio (excluding upfront payments) made up $41.235mln, as of January 1.
Azeri Leasing concluded 241 agreements with customers and 229 leasing operations were carried out last year. The leasing portfolio went most to transport sector with 117 agreements worth $9,832,390 and least to the banking sector.
Absheron Economic Zone was active (65.2% or AZN 19.65mln) and Guba-Khachmaz region was passive (0.2% or AZN 50,000).
Azeri Leasing was established in 2004. The company’s authorized capital stood at AZN 700,000 as of January 1. /APA/

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