BAKU/26.12.13/TURAN : The active loan portfolio of non-bank credit organization LLC Nakhcivan Credit in January-October of this year decreased by $ 7.07 million or 56.6 % to $ 5.42 million.
Assets of the company during the reporting period decreased by $ 6.99 million or 58.2 % to $ 5.02 million and the total amount of the customers decreased by 52.5% to 4.07 thousand people .
The share of problem loans in the portfolio compared with the beginning of the year remained unchanged and amounted to 0.03%. 49% of the borrowers were women ( 1 % relative to the beginning of the year) .
During all-time activities in the financial market, Ltd. Nakhcivan Credit issued loans totaling $ 44.194 million.
The company operates on the territory of Nakhchivan AR . Loans are granted for a period of 9 to 18 months , with the amount in the range of $ 500 - $ 5000 . The rate on loans is up to 30 % per annum. - 15B -
Economics
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