OREANDA-NEWS. February 5, 2008. Debut Bank OJSC that started leasing services at the Azerbaijani market in 2002 is planning to expand its leasing operations.

Bank’s Credit Department chief Zokhrab Novruzov said that they are considering the proposals to create a leasing company.

“Our leasing office is operating in the Credit Department in accordance with the Law on Banks. In the future we are planning to found a separate leasing company,” Novruzov said.

Last year Debut Bank’s leasing portfolio reached AZN 320,000. Annual rate on its leasing operations was 10% with three–year period of financing.