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
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
-
Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
Leave a review