The active loan portfolio of non-bank credit organization LLC CredAgro within 8 months of the year increased by $ 2.26 million, or 7 percent to $ 34.391 million.
Assets of the company have increased over the period by $ 2.1 million or 5.4 % to $ 40.574 million total number of customers decreased by 5.3 % to 17.99 million persons.
The share of problem loans portfolios fell by 0.41 percentage points, reaching 0.98 percent.
Total activity in the financial market, the company issued public loans totaling $ 309.398 million.
CredAgro provides loans for a period of 3 to 60 months. The loan amount varies from $ 500 - $ 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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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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