BAKU/18.12.13/TURAN : The active loan portfolio of the non-bank credit organization LLC CredAgro within 10 months of this year increased by $ 3 million or 9.3 percent to $ 35.13 million and in the portfolio the share of microcredit was 95.7 %.
Assets of the company during the reported period increased by $ 2.67 million or 7 % to $ 41.15 million and the total number of customers decreased by 5.8% to 17.8 thousand persons.
The share of problem loans in the total loan portfolio compared to the beginning of the year decreased by 0.46 percentage points to 0.52 %, and this share in microcrediting - by 0.44 percentage points to 0.54 %.
The company has issued loans totaling $ 317.14 million , including micro-credit - $ 316.96 million.
CredAgro provides loans for a period of 3 to 60 months. A loan amount varies from $ 500 to $ 120,000. The interest rate on agricultural loans is 24% , trade and business loans - 25-28 % , consumer loans - 30-36 % , express loans - 36% and leasing - 25 % per annum. - 15B-
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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