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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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
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