Leasing Company Ansar Leasing is planning for this year to increase its own portfolio to $ 20 million - by $5 million or 25% compared to the end of last year.
According to CEO Jeyhun Nagiyev, in the first six months of this year, the company increased its portfolio by $ 2 million or 13.3% to $ 17 million during the reporting period were concluded 75 contracts for a total of $ 4.4 million in total the number of active contracts reached 436-ti.
In the treaty, the share of construction equipment, vehicles, real estate and cars, respectively, was 25 percent.
The authorized capital of the company remains unchanged, and on July 1 of this year, it was 5 million manat.
Ansar Leasing was established by the Islamic Corporation for Private Sector (ICD) in mid-2009. This is the only leasing company in Azerbaijan working on Sharia principles (Islamic banking). It is also the most capitalized company in this segment of the economy. - 15B -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review