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 economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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