The active loan portfolio of the non-bank credit organization LLC CredAgro within 4 months of the year increased by $ 1.39 million or 4.3 percent to $ 33.524 million.
Assets of the company increased over the period by $ 1.42 million or 3.7% to $ 39.91 million and the total number of customers decreased by 3.7% to 18.22 thousand persons.
The share of problem loans in the portfolio fell by 0.16 percentage points, reaching 0.82 percent.
In the total activity in the financial market, the company issued public loans totaling $ 295.094 million.
CredAgro provides loans for a period of 3 to 60 months. The loan amount varies from $ 500 to $ 120,000. The interest rate on agricultural loans is 24%, trade and business - 25-28%, consumer credits - 30-36%, express loans - 36% and leasing - 25% per annum. - 15B -
Economics
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The construction sector is undergoing significant reforms that are reshaping urban landscapes, driving economic growth, and creating jobs, said Namik Gummatov, First Deputy Chairman of the State Committee for Urban Planning and Architecture.
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Starting today, manufacturers and sellers of food and agricultural products can submit offers on the website tedaruk.az, aligning with public procurement requirements for 2025. The submission window will remain open until September 1.
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Recent reports and interviews indicate a noticeable rise in tomato prices in Azerbaijan over the past few months, primarily driven by market monopolies rather than external factors such as fuel costs or weather conditions.
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Azerbaijan's agricultural sector produced goods worth 6 billion 19 million manats in the first half of 2024, a 0.3% increase compared to the same period last year, according to a report by the State Statistics Committee (SCC). The report highlights a mixed performance across various agricultural segments, with livestock production seeing gains and crop production experiencing a decline.
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