Azerbaijan, Baku, March 2 / Trend U. Ismayilova /
As of February 1, 2011, the portfolio of one of the largest leasing companies in Azerbaijan, AG Leasing totaled 2.943 million manat compared to 3.013 million manat on Jan. 1, the company said.
The total number of leasing contracts for February was 103, as the previous month. The total amount of leased equipment - 5.412 million manat compared to 5.553 million manat on Jan. 1.
Customers include both legal and physical entities - entrepreneurs.
AGLeasing was established in 2005. Authorized capital is one million manat. The company mainly leases equipment in the fields of transport, trade and medicine. The company leases equipment for a period of 60 months with a deposit of 20-50 percent and interest rates of 20-24 percent.
AGBank's share holding is 35 percent, British Hiperion Capital Management - 30 percent, U.S Delta Trans LLC - 25 percent, British Milio Leasing Limited - 10 percent.
The official exchange rate is 0.7939 manat to $1.