The active credit portfolio of the non-bank credit organization Ltd. Vision Fund Azerkredit in January-November of this year increased by $ 13.98 million or 33.6% to $ 55.67 million.
The assets of the company for the period increased by $ 16.04 million, or 34.4%, to $ 62.89 million and the total number of its customers increased by 24% to 58.51 thousand people.
The share of problem loans in the portfolio of the company was 0.25%. 33.5% of the borrowers are women (by 7.5 percentage points less than it was at the end of last year).
Ltd. Vision Fund Azerkredit has operated since 2003. For all the time, the company has granted loans totaling $ 151.23 million. The loans are issued for a period of 3 to 30 months, and the amount is in the range $ 100 - $ 10 000. - 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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