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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As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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