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 .
Organization | Assets by December 1, 2013 (USD) | Place | Assets by December 1, 2012 (USD) | Place | Change in % | *Number of active clients | **Number of active clients |
Finca-Azerbaycan | 215 790 129 | 1 | 156 436 179 | 1 | 37,9 | 148 941 | 134 755 |
Vijn Fond Azerkredit | 91 817 642 | 2 | 62 885 746 | 2 | 46 | 73 229 | 58 512 |
TBC Kredit | 44 620 846 | 3 | 37 141 276 | 4 | 20,1 | 4 333 | 3 553 |
KredAgro | 41 846 195 | 4 | 39 108 507 | 3 | 7 | 17 608 | 19 867 |
Aqrarkredit | 36 485 000 | 5 | 34 046 150 | 5 | 7,2 | 9 959 | 3 795 |
Finance for development | 28 760 587 | 6 | 18 824 813 | 6 | 52,7 | 11 689 | 10 442 |
Mol Bulak | 26 563 352 | 7 | 17 387 588 | 7 | 52,8 | 27 097 | 14 910 |
Viator Mikrokredit | 18 038 538 | 8 | 14 556 998 | 8 | 23,9 | 18 380 | 18 607 |
Naxcivan Kredit | 4 448 625 | 9 | 13 280 181 | 9 | -66,5 | 3 497 | 9 630 |
Viza Kredit | 2 480 000 | 10 |
|
|
| 1 500 |
|
Avrasiya Credit | 2 310 864 | 11 | 2 360 782 | 11 | -2,1 | 3 645 | 3 470 |
Qafqaz-Kredit | 2 108 302 | 12 | 927 241 | 14 | 127 | 2 131 | 1 286 |
Brand Kredit | 1 740 824 | 13 |
|
|
| 611 |
|
Finans Invest | 1 648 785 | 14 | 1 753 770 | 12 | -6 | 949 | 1 102 |
Azeristar Microfinance | 1 345 813 | 15 | 3 619 612 | 10 | -62,8 | 3 842 | 4 994 |
Kaspian Invest | 837 089 | 16 | 778 667 | 15 | 7,5 | 896 | 872 |
Omni Finance | 721 659 | 17 | 1 190 274 | 13 | -39,4 | 125 | 209 |
Finans Texnoloji | 230 192 | 18 | 245 589 | 16 | -6,3 | 62 | 75 |
Source : AMFA
* Number of active clients as of December 1, 2013
** Number of active clients as of December 1, 2012
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