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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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