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 -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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