OREANDA-NEWS. August 31, 2009. The Association of Leasing Companies of Azerbaijan (ALCA) expects beginning of September 2009 to activate its activity, in particular, for realization of new projects.

ALCA reports that the association starts holding negotiations with in a number of companies to attract them in its membership.

“Now negotiations are being held with Ansar Leasing company , which has launched its official activity 2 months ago. We submitted them our offers and they, in their turn, expressed their personal interest in participating in activity of ALCA,” ALCA said.

The Ansar Leasing is the first leasing company in Azerbaijan, functioning in accordance with principles of Shariat. The Islamic Corporation for Development of Private Sector (ICD) is a unique founder of the company (ICD). The company’s capital makes AZN 5mln today.

Let’s remind that there are 19 officially registered leasing structures in Azerbaijan, 11-12 of which are active players at the market and 8 are members of the association.

ALCA was found on 27 October 2004.