Assets of the Non-banking Credit Organization (NBCO) increased by six times due to times CJSC "Agrarkredit"

In Azerbaijan, by 1 January operated 228 branches of the NBCO, funded by international humanitarian organizations. According to the Central Bank of Azerbaijan, their total assets in the period were at the level 607 430 000 manat (+ 10.3% YoY). In general, the country has 240 branches FINCA  with total assets grown at six times (3 billion 879.7 million AZN). Such high growth is due to the allocation of   3 billion  manat  by NBCO "Agrarkredit" to settle the problem of obligations of the International Bank of Azerbaijan, according to the presidential decree of 7 August 2015. In the register of the CBA by the beginning of the year  were registered 157 non-bank credit institutions, including 109 credit unions, 47 organizations financed by international humanitarian organizations , and   the mentioned  Closed Joint Stock Company "Agrarkredit", where the state share is 100%. --17D-