Baku, FinanceTime. The International Leasing Company, subsidiary of the International Bank of Azerbaijan, moved to the new address. The company will continue its activity at the following address: Nizami str. 67, Baku, in the former head office building of the IBA. This change is caused by the expenses optimization process taking place at the subsidiaries of the bank. The relocation will serve for expense reduction and increase of the company’s efficiency.

Former Joint Leasing Company finalized its rebranding in 2016 and changed its name to the “International Leasing”. Company was created in 1999 and has changed its name to Joint Leasing in 2007. Today the company is one of the largest leasing companies in Azerbaijan. The mission of “International Leasing” is to provide medium term asset financing to all sectors of the Azerbaijani economy, with particular emphasis on serving the needs of the small and medium enterprise sector.

The company’s main activity relates to construction, agricultural and processing sectors. “International Leasing” offers its clients favorable conditions on purchasing trucks and cars, agricultural and processing equipment, construction machinery, medical and other types of equipment. The company also provides real estate leasing.