The credit portfolio of non-bank credit organization CJSC Aqrarkredit expanded in January- September this year by $ 1.1 million or 5.3 % to $ 21.77 million. During the reporting period microcredit increased $ 2.19 million or 12.3 % to $ 19.95 million.
Assets of the company increased $ 640 thousand or 2.1 %, to $ 34.59 million and the customer base decreased to 9,646 thousand persons.
Totally the organization has issued loans worth 106.4 million manat, including 86.4 million manat of microcredit .
The share of problem loans in the total loan portfolio increased 1.21 percentage points to 1.69 %, and micro-credit - by 0.06 percentage points up to 0.48%.
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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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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