The credit portfolio of the non-bank credit organization CJSC Agrarkredit fell in January-April this year by $ 26,000 or 0.2% to $ 20.67 million. During the reporting period the micro crediting increased by $ 590 thousand, or 3.3% to $ 18,351 million.
The corporate assets decreased 0.5% to $ 33.8 million, while the company's customer base decreased by 2.4% to 9,990 persons.
Totally the organization issued loans totaling $ 89.9 mln, including AZN 78.1 million of micro loans.
The share of problem loans in the total loan portfolio increased 0.06 percentage points to 0.54%, and the share of those loans in the micro-credit portfolio increased 0.03% to 0.45%.
At present, the authorized capital of the company amounts to 18,535,424 manats. The only shareholder is the State Property Committee. The organization provides individual, group and business loans for a period of 3 to 7 years. The loan amount varies between $ 100 and $ 100 000. - 15B -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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