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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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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