BAKU/20.12.13/TURAN : The active loan portfolio of non-bank credit organization LLC Vision Fund Azercredit in January-October 2013 increased by $ 12.89 million or 22.6% to $ 69.81 million.
Assets of the company during the reporting period increased by $ 19.65 million or 29 % to $ 86.99 million, while the total number of customers increased by 20.6% to 72.07 thousand people .
The share of problem loans in the portfolios of the company increased by 0.14 percentage points to 0.35 %. 34.59 % of borrowers were women ( 1.1 pp more than in late 2012) .
Ltd. Vision Fund Azercredit has operated since 2003 . For all the time the company has issued loans totaling $ 159.88 million in loans are issued for 3 to 30 months , with the amount in the range of $ 100 - $ 10,000 . - 15B -
Economics
-
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
-
Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
-
Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
-
A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
Leave a review