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 and Iran are actively discussing the construction of a strategic railway line that will connect the East Zangezur Economic Region with the Nakhchivan Autonomous Republic, according to Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC. Rustamov disclosed the details of these talks during his recent visit to Iran, where he met with Jabbar Ali Zakeri Sardrodi, head of the Iranian Railway Administration.
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Agricultural land in Azerbaijan's liberated territories may be leased to business entities through investment tenders. This is reflected in the draft law on proposed amendments and additions to the "Law on Land Lease." The document was discussed at the meeting of the Agrarian Policy Committee of the Milli Majlis (Parliament) on October 14.
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According to preliminary data released by the State Statistics Committee, as of October 1 of the current year, Azerbaijan's economically active population stood at 5.304 million people, of which 5.021 million were employed. These figures highlight the relatively stable labor market in Azerbaijan, as the same number appears in the data for the last three years.
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Azerbaijan witnessed a modest yet steady increase in nominal incomes in the first nine months of 2024, as incomes grew by 6.1% compared to the same period in 2023. This rise brings the total nominal income of the population to 61.587 billion manats, averaging 6039.2 manats per person. This is reported by the State Statistics Committee.
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