Association of Azeri leasing companies registered

The International Finance Corporation, which is implementing a project on leasing development in Azerbaijan (ALDP), the relevant registration was held in the Justice Ministry.

The registration was implemented by ALDP. The registration of the participants will enable to efficiently coordinate the efforts on lobbying the interests of participants in the leasing market.

At present the Association unites all 7 leasing existing in the country - Azerileasing, Azerleasing, Gunay leasing, Unileasing, AG Leasing, Mugan Leasing, Ata leasing.

As of 2004 the portfolio of leasing companies comprised around $10m.