Aqrarkredit microcredit increased by 5.1 %

BAKU/19.09.13/TURAN : Credit portfolio of non-bank credit organization CJSC "Aqrarkredit" expanded in January- July this year by $ 91 million or 0.5 % to $ 20.787 million during the reporting period microcredit increased by $ 909 thousand or 5.1 % to $ 18.665 million

Assets of the company increased by $ 356,000 or 1 %, to August 1, $ 34.3 million of the company 's customer base increased by 1.5 % to 10,299 persons .

Total activity the organization has issued loans totaling 103 million manat, including 82.4 million manat microcredit .

The share of problem loans in the total loan portfolio increased 0.05 percentage points to 0.53 %, and microcredit - 0.05%. 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 - $ 100 000 . - 15B -

 

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