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ACBA Leasing profit accumulation totaled AMD 221 million in 2008

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  • ACBA Leasing profit accumulation totaled AMD 221 million in 2008

    ACBA LEASING PROFIT ACCUMULATION TOTALED AMD 221 MILLION IN 2008

    PanARMENIAN.Net
    11.05.2009 17:28 GMT+04:00

    /PanARMENIAN.Net/ ACBA Leasing has registered gains at the close of
    2008, thanks to inner financial planning. It has been working at a
    profit during 3 years, ACBA Leasing deputy CEO Arsen Bazikyan said
    in an interview with PanARMENIAN.Net.

    "In 2008 the company has registered an income of AMD 221million and AMD
    82 million in the first quarter of 2008. I can't deny the influence of
    world financial crisis on our economy, specifically, on the number of
    applications filed by potential lessees," he said. "Still the influence
    of world crisis upon RA economy was not that drastic as, basically,
    only the real sector is being funded in Armenia, and the deals have
    nothing to do with stock market where the crisis was felt most."

    "Specifically, ACBA Leasing is funding small and medium sized business,
    and according to our inner regulations, a rather conservative approach
    is practiced, that is, diversification of risks, linked to financing
    of different sectors. Thus the crisis has had a minor impact on ACBA
    Leasing activities. We might have temporary difficulties, but not
    debts that could pose any problems to us," Mr. Bazikyan said.

    "ACBA Leasing" Closed Joint Stock Company was established on March
    30, 2003. It is the first specialized leasing company acting as a
    credit organization.
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