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
-
Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
-
Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
-
Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
-
The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
Leave a review