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
-
BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
-
SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
-
The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
-
Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
Leave a review