The active credit portfolio of the non-bank credit organization Ltd. CredAgro for eleven months of last year was reduced by $ 54 million or 0.2 percent to $ 33.598 million
The assets of the company for the period increased by $ 772,000 or 2% to $ 39.11 million and the total number of its customers decreased 14.2% to 19,870 persons.
The share of bad loans in the total loan portfolio is 1.01%, and this share in the micro-crediting is 1.01%.
In its all-time activities in the financial market, the company has issued loans totaling $ 280.798 million.
CredAgro provides loans ranging from 3 to 60 months. The loan amount ranges from $ 500 to $ 120 000. The interest rate on agricultural loans is 24%, trade and business - 25-28%, consumer credit - 30-36%, express loans - 36% and leasing - 25% per annum. - 15B -
Economics
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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On February 11, Azerbaijan opened a trade house in Punjab (northeastern Pakistan), an event described as "significant for strengthening bilateral relations between Azerbaijan and Pakistan" by Pakistani media. The opening ceremony, which involved the Finance Minister of Punjab, Mian Mujtaba Shuja-ur-Rehman, was attended by officials and marked an important step in economic collaboration.
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