OREANDA-NEWS. February 25, 2013. Portfolio of Joint Leasing, Azerbaijani leasing company was 35.312 million manats in 2012, what allowed it to retain its leading market positions. This was reported by the company to Trend.

Today, 40 percent of the portfolio regards to construction, 33 percent regards to transport, 20 percent regards to manufacturing sector, seven percent regards to other spheres.

The company has invested assets to the following sectors: transport, light industry, construction, food production, healthcare, trade and services, agriculture and banking.

Number of contracts in force now exceeds 200 units and about 520 contracts are funded in total.
“Joint Leasing Company” Open Joint Stock Company commenced its activity since 14 June 2007 as the legal successor of “Azerilizing” company. The founders of the “Joint Leasing Company” is “DH Leasing LTD”, British company (52,4 percent) and the International Bank of Azerbaijan (47,6 percent). Chartered capital of the company is 700 thousand manats.

“Azerilizing” joint venture, predecessor of “Joint Leasing” - is the first leasing company in the country. It was established in 1999 by the International Bank of Azerbaijan and “Qarantileasing” (Turkey). In 2002, "Qarantileasing" suspended its participation in the company and after that "Azerilizing" continued to operate as a subsidiary of the IBA.