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.