Technika Leasing achieves 82% growth in portfolio

Technika Leasing achieves 82% growth in portfolio
# 14 August 2008 12:29 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, Azerbaijan’s Technika Leasing’s portfolio stood at AZN 6.642 million, up 81.5% from a year earlier.
The company said the portfolio went 70% to construction and 30% to car purchase leasing projects.
The company concluded 37 leasing agreements up 2.4 times the same period last year.
The company offers vehicles and equipment at 18-19% annually for 6 months to 2 years. The down payment is 20% to 25% and the minimum cost of the vehicles is AZN 20 000. Technika Leasing has been in operation since 2006. The authorized capital stood at $200,000.
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