Loan portfolio non-bank credit organization (NBCO) CJSC "Aqrarkredit" fell in January-July this year by $ 431 thousand or 2.1% to $ 20.72 million. During the reporting period microcredit increased by 5.6%, to $ 16.9 million
Assets of the company increased by $ 1 million, or 3%, to $ 33.94 million. The company's customer base expanded to 3.57 thousand people.
For all the time the organization has issued loans worth 88 million manat, including 64.86 million manat of microcredit.
The share of problem loans in the total loan portfolio increased 1.31 percentage points to 17.11%, and this share in the micro-credit increased 1.62 percentage points to 12.3%. Aqrarkredit has the most risky portfolio of the NBCO sector.
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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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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