Joint Leasing Company announces reduction in its interest rates.
As reported in the company, from November 1 this year, with an initial contribution of more than 35% interest rate on the lease will start at 17%. Previously, interest rate, depending on the lease amount varied from 18-20 per cent.
As of October 1, 2012 the leasing portfolio amounted to 35.23 million manat. This year they funded 34 new contracts, and the total number of active projects reached 191 units.
Joint Leasing Company has operated from 14 June 2007 as the legal successor of the company Azerleasing. Its founders are the British company Dolphin Leasing (52.3%) and the International Bank of Azerbaijan. The authorized capital of the company at present is 700 manat. The first leasing company of Azerbaijan, Azerleasing JV was established in 1999. -15D -
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