Joint Leasing Company, the first and largest professional participant in Azerbaijan's leasing market, is seeking to attract foreign partners in 2014.
The company was founded by the International Bank of Azerbaijan, which controls 47.6 percent, and the British DH Leasing Company, which controls 52.4 percent.
Joint Leasing Company CEO E. Akhmedov said the company has already attracted $2 million in external financing this year.
"At the same time, the involvement of an additional $4.5 million is being negotiated. These steps are designed to operate without recourse to financing from the International Bank of Azerbaijan and the continuation of the policy of the company to provide financial independence." Akhmedov said. "Last year, we have more than six foreign partners and by attracting foreign financial resources we do cover a large part of our operations."
The company's leasing portfolio is estimated to be worth $44.6 million.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme