In H1, 2012 CredAgro Rose by 0.8%
The active credit portfolio of non-bank credit organization Ltd. CredAgro in January-June 2012 increased slightly to $ 33.67 million.
Assets of the company increased during the first six months of this year by $ 290,000 or 0.8%, to $ 38.63 mln. The total number of its customers decreased 3.3% to 20.84 thousand people.
The share of bad loans in the total loan portfolio decreased 1.22 percentage points to 7.27%, and this share in the micro credits decreased 0.55 percentage points to 7.27%.
During all-time activities in the financial market, the company has issued public loans totaling $ 266.4 million.
CredAgro provides loans for a period of 3 to 60 months. The loan amount varies from $ 500 to $ 120,000. The interest rate on agricultural loans is 24%, trade and business loans - 25-28%, consumer loans - 30-36%, express loans - 36% and leasing - 25% per annum. - 15B -
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- Economics
- 27 August 2012 14:01
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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