The active loan portfolio of non-bank credit organization, LLC "Finance for Development" in January- August this year increased by $ 7.98 million or 54.3 % to $ 22.69 million
The assets of the company for the period increased by $ 6.4 million , or 33.9 %, to $ 25.36 million total number of customers increased by 1.3% to 10.76 million persons .
The share of problem loans in the portfolios of the society was reduced by 0.02 percentage points to 0.48%. Among borrowers 24.73 % were women ( by 3.94 percentage points less than it was at the end of last year).
Non-bank credit institution of Azerbaijan "Finance for Development" (" Finance for Development" ) started its activity in Azerbaijan in 1997, the humanitarian organization Oxfam. The activity is aimed at lending production of agricultural products (livestock , poultry farming , fish farming , bee-keeping , etc.). The organization provides loans of up to 5 100 thousand manat at a monthly interest rate of 2.25 % to 3 % for up to 18 months , both individually and in the form of groups. - 15B -
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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