The active loan portfolio of non-bank credit organization LLC CredAgro during the 7 months of this year increased by $ 1.87 million or 5.8 percent to $ 33.996 million.
Assets of the company have increased over the period by $ 1.75 million, or 4.5 %, to $ 40.23 million total number of customers decreased by 4.2 % to 18.06 million persons .
The share of problem loans portfolios fell by 0.43 percentage points, reaching 0.98 percent.
Total activity in the financial market, the company issued public loans totaling $ 305.63 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 credit - 30-36 % , express loans - 36 % and leasing - 25 % per annum. - 15B -
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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