CredAgro Loan Portfolio Falls Nearly 1.5 Percent
From January to July 2012, the active credit portfolio of the non-bank credit organization Ltd. CredAgro decreased by $ 472,000 or 1.4% to $ 33.65 million.
Assets of the company increased during the first seven months of this year by $ 402,000 or 1%, to $ 38.74 million. The total number of customers decreased 4.4% to 20.53 thousand people.
The share of bad loans in the total loan portfolio decreased by 1.29 percentage points to 7.20%, and the share of bad loans in the micro-credit portfolio diminished by 0.62 percentage points to 7.20%.
Throughout the history of CredAgro activities in the financial market, the company has issued public loans totaling $ 268.75 million.
CredAgro provides loans for periods ranging from three to 60 months. Loan amount varies from $ 500 to $ 120,000. The interest rate on agricultural loans is 24%, on trade and business loans - 25-28%, on consumer credit - 30-36%, on express loans - 36%, and on leasing - 25% per annum. - 15B -
Economics
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