Active loan portfolio of non-bank credit organizations, LLC "Finance for Development" in January and April of this year increased by $ 3.17 million or 21.5% to $ 17.88 million
The assets of the company for the period increased by $ 830,000, or 4.3%, to $ 19.79 million total number of customers decreased by 2.3% to 10.38 million persons.
The share of problem loans in the portfolios of the Company increased by 0.31 percentage points and totaled 0.81%. Among borrowers 20.57% were women (by 8.03 percentage points less than it was at the end of last year.)
Non-bank credit institution of Azerbaijan "Finance for Development" started its activity in Azerbaijan in 1997, the humanitarian organization Oxfam. The activity of "Finance for Development" is aimed at lending production of agricultural products (livestock, poultry farming, fish farming, bee-keeping, etc.) The organization provides loans from 100 up to 5,000 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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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