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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The construction sector is undergoing significant reforms that are reshaping urban landscapes, driving economic growth, and creating jobs, said Namik Gummatov, First Deputy Chairman of the State Committee for Urban Planning and Architecture.
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Starting today, manufacturers and sellers of food and agricultural products can submit offers on the website tedaruk.az, aligning with public procurement requirements for 2025. The submission window will remain open until September 1.
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Recent reports and interviews indicate a noticeable rise in tomato prices in Azerbaijan over the past few months, primarily driven by market monopolies rather than external factors such as fuel costs or weather conditions.
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Azerbaijan's agricultural sector produced goods worth 6 billion 19 million manats in the first half of 2024, a 0.3% increase compared to the same period last year, according to a report by the State Statistics Committee (SCC). The report highlights a mixed performance across various agricultural segments, with livestock production seeing gains and crop production experiencing a decline.
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