"ASSOCIATION of LEASING COMPANIES" of AZERBAIJAN
Mission of ALCA
- to assist the development of the Leasing field of Azerbaijan and hold a seminar for the exchange of opinions;
- to find out the persons and organizations, who/which will achieve to realize such opinions.
Main aims of ALCA
- to assist the development of private sectors in Azerbaijan;
- to organize meetings to provide with advice and exchange of information about the issues related to the development of Leasing filed in Azerbaijan;
- to develop the cooperation by strengthening the relationships between the organizations interested in the leasing market;
- to develop the cooperation and relationships of the organizations with financial background (leasing companies, commercial banks, insurance companies, macro-financial organizations, private companies, international organizations, economy-based NGO’s, donors, etc);
- to determine the gaps and obstacles arising in the development of leasing field of Azerbaijan and to develop proposals to solve them;
- to carry out the initiatives proposed by means of main opportunities and sponsorship of members on the cooperative and individual bases;
- to create a source of information about finance and various service programs, investment opportunities and potential business partners of local and international companies;
- to support the development of Leasing activities in industry, agriculture, and other fields of service and economy;
- to organize the meetings and actions aimed at promoting the leasing field;
- to assist the training of the highly specialized team in the field of Leasing;
- to support the realization of leasing programs , which are of country and local importance;
- to take necessary actions to involve investors in the Leasing field.
- Main Activities of ALCA
- to make proposals for the improvement of Leasing legislation;
- to create more extended relationships with Governmental Organizations;
- to realize cooperation and introductory programs with International Institutions (World Bank, I FC, etc);
- to create an extensive co-operation with local business associations and agencies;
- to increase the interest on the demands of Local Private companies for Leasing;
- to collect and spread the information received for Leasing Companies from various sources;
- to support organizationally participation in local and international conferences concerning Leasing;
- to co-operate with Foreign Leasing Associations;
- to organize a training exchange among the foreign and Azerbaijan Leasing companies to make an organizational support to learn the experience of Foreign Countries in the Leasing field;
- to hold a referendum among the entrepreneurs to find out existing problems in the Leasing field;
- to conduct conferences, seminars, symposiums, and round-table meetings dedicated to the development problems of Leasing;
- to organize training seminars for training highly skilled leasing specialists and assisting them.
At the moment ALCA include 11 leasing compnies:
- Joint Leasing
- AG Leasing
- AtaLeasing
- DemirBank
- Bank of Baku
- Credagro
- UniLeasing
- Standard Leasing
- QafqazLeasing
- ASB Bank (observer status)
- NİKOİL Leasing (observer status)
By the end of 2010 the leasing portfolio of the leasing companies in Azerbaijan was in a 190 mln. USD level.
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