Loan portfolio non-bank credit organization CJSC "Aqrarkredit" fell in January-November of this year at $ 381 million or 1.8% to $ 20.77 million in the reporting period, microcredit has increased by $ 1.58 million or 9.9%, to $ 17.6 million.
Assets of the company increased by $ 1.11 million, or 3.4%, to $ 34.05 million. The number of the company's customers has grown by 13% to 3,790 persons.
For all the time of the organization has issued loans worth 91.61 million manat, including 69.86 million manat of micro credit.
The share of bad loans in the total loan portfolio is 0.47%, and this share in the micro-crediting is 0.42%.
The authorized capital amounts to 18,535,424 manats. The sole shareholder is the State Property Committee. The organization provides individual, group and business loans ranging from 3 to 7 years. The amount of credits varies between $ 100 and $ 100 000. - 15B -
Economics
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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