Aqrarkredit microcredit increased by 12.5%

BAKU/17.12.13/TURAN : Credit portfolio of non-bank credit organization CJSC "Aqrarkredit" expanded in January-October of this year at $ 1.16 million or 5.6% to $ 21.83 million during the reporting period micro crediting increased by $ 2.22 million or 12.5 % to $ 19.98 million.

Assets of the company increased by $ 2.52 million , or 7.4% , amounting to $ 36.47 million on November 1. The customer base decreased to 9,703 persons.

All time activity organization issued loans totaling 107.3 million manat , including 87.1 million manat of microcredit .

The share of problem loans in the total loan portfolio increased by 1.21 percentage points to 1.69 %, and this share in microcredit grew by 0.06 percentage points up to 0.48 %.

Currently, the authorized capital of the company amounts to 18,535,424 manats. The sole shareholder is the State Committee for Property Affairs . Organization provides individual, group and business loans ranging from 3 to 7 years. The amount of loans varies from $ 100 - $ 100 000 . - 15B-