The loan portfolio of the non-bank credit organization LLC Aqrarkredit fell in January-June this year by $ 342 million or 1.6% to $ 20.81 million. For the period, micro crediting increased 7.4% to $ 17.208 million. The assets of the company increased by $ 343,000 or 1%, to $ 33.28 million by July 1. The company's customer base expanded to 3.46 thousand people.
For all the time the organization has issued loans worth 88.662 million manat, including 67.320 million manat of micro credits.
The share of problem loans in the total loan portfolio increased 1.31 percentage points to 17.11%, and their share in the micro credits increased 2.58 percentage points to 13.26%. Aqrarkredit has the most risky portfolio of the local non-bank lending agencies.
The authorized capital amounts to 18,535,424 manat. 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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