Assets for the year NBCO rose by almost 30%

BAKU/27.01.14/TURAN : Total assets of non-bank credit organizations ( NBCO) which are members of the Azerbaijan Microfinance Association (AMFA) as of December 1, 2013 reached the level of 521.79 million U.S. dollars. Over the period of one year the figure rose by 29.1 percent. The share of the top five in the total assets remained above 80 %, although the settlement in November 2013 was based on data not 16 as in the previous year, but 18 companies.

Head of the ranking is still Finca-Azerbaycan that expanded the assets by nearly 37.9% . During the year the share of assets of the company in the total increased by 2.7 percentage points , reaching 41.4% . He also concentrated and the largest number of customers, or 45.3 percent of the total. In the structure of the top five for the reporting period there were only positional changes . So TBC Kredit has risen to third place , displacing KredAgro to the fourth. Second place retained Vijn Fond Azerkredit, and closes the top five , as a year earlier Aqrarkredit.

On growth assets with the index 127% championship captured Qafqaz-Kredit a result , the company climbed two positions to 12th place .

The greatest decrease in the percentage of assets recorded in Nakhcivan Kredit, that did not prevent him to retain the 10th place . Total assets recorded a decrease in 6 companies .

The greatest loss was recorded in the position of Azeristar Microfinance as a result the company moved immediately to five positions to 15th place . New entrants to the ranking began Viza Kredit and Brand Kredit accordingly divided the 10th and 13th places . -15A -

Ranking of non-bank credit organizations on assets and customer base at December 1, 2013 .