Azerbaijan, Baku, Sept. 27 / Trend J. Nasibova /
The Azerbaijani leasing company Ansar Leasing, established by the Islamic Corporation for the Development of the Private Sector (ICD, a member of the Islamic Development Bank) plans to bring its portfolio to $22-23 million by late 2012, director general of the company Jeyhun Naghiyev told Trend on Tuesday.
The company's current portfolio is $ 20 million.
"Our company's activity is based on the principles of Islam. It has relation to a general leasing activity and does not differ from it," he said. "For this reason, it is not a problem to attract customers."
He said that the company plans to increase the volume of transactions on the market in the coming years.
"Ansar Leasing" is planning to take a leading position in the Azerbaijani leasing market and bring Azerbaijan's leasing portfolio to $ 50 million Over the next three years," he said.
"Ansar Leasing" is a trademark of "Azerbaycan Lizinq" company, which was founded by the Islamic Corporation for Private Sector Development. It passed an official state registration on December 12, 2008. The company's goal is to render leasing services through financial leasing operations, based on the latest technologies in accordance with international standards. The company's authorized capital is 5 million manat.
The official exchange rate is 0.7853 AZN/USD on Sept. 27.
