Credit portfolio of non-bank credit organization CJSC Aqrarkredit increased in January- August this year by $ 614 million or 3% to $ 21.31 million. During the reporting period the micro credit increased $ 1.6 million or 2.9 % to $ 19.362 million.
Assets of the company increased by $ 1.56 million, or 4.6 % to $ 35.51 million and the customer base decreased to 10,299 persons.
Totally the organization has issued loans worth 105.2 million manat, including 82.47 million manat of micro credits.
The share of problem loans in the total loan portfolio increased 1.23 percentage points to 1.71 %, and in the micro credit - by 0.05 percentage points to 0.47 %.
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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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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