16:21 - 22.04.2026

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April 22, Fineko/abc.az. CBA deputy chairman Togrul Aliyev delivered speech during the discussion of the Bill on Financial Leasing at a meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship,

ABC.AZ informs that according to Aliyev, the introduction of restrictive requirements for financial leasing activities is not envisaged: "The Bill stipulates that legal entities cannot engage in activities other than financial leasing. The goal is for the financial sector to be operated by sustainable organizations that are subject to minimal supervision, registered in the relevant registry, have certain reporting and disclose public reports. Improving the reliability of the financial leasing sector, enhancing its attractiveness to local and foreign investors, as well as expanding market participants' access to the resources of other financial institutions are important."

In addition, Aliyev noted that the amount of payments for the entire lease term should be at least 90% of the market value of the facility at the time of the lease commencement or exceed it: "According to the Bill, the financial leasing facility is transferred to the lessee for ownership and use. However, if the following criteria are met, such a relationship is considered a financial lease. What are these criteria? The transfer of the object to the ownership of the lessee at the end of the contract term or the assignment of the right to purchase it at a certain price. The lease term must exceed 75% of the service life of the facility. After the end of the lease term, the residual value must be less than 20% of its original market price. It is these criteria and features that distinguish financial leasing from classical leasing."