Active credit portfolio of non-bank credit organizations Ltd. CredAgro within twelve months of the last year was reduced to $ 1,523 million or 4.7% to $ 32.129 million.
Assets of the company for the period increased by $ 147 thousand, or 0.4 percent, to $ 38.48 million and the total number of customers decreased by 12.1% to 18.91 thousand people.
The share of bad loans in the total loan portfolio is 0.98%, and this share in micro-credit is 0.98%.
All-time activities in the financial market, the company issued public loans totaling $ 284.32 million.
CredAgro provides loans for a period of 3 to 60 months. The loan amount varies from $ 500 - $ 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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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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