Total loan portfolio of microfinance in Azerbaijan increased in September of this year at $ 18 million, or 1.8%, to $ 1,015 million for 538 thousand customers.
Since the beginning of the year the figure rose by $ 204 million or 25%, and for the year - by $ 257 ??million, or 33.9 percent. The share of risky loans, compared with the beginning of the year remained unchanged, amounting to 1%.
According to the Azerbaijan Microfinance Association (AMFA) , the largest creditor to its members remains Accessbank, which accounted for 31.4 % of all micro-credit .
Total consideration was based on the 31st microfinance institutions in the country. Their total assets amounted to $ 4.700 billion. Among the microcredit borrowers 28% were women.
The report reflected the AMFA loans ranging from $ 100 to $ 20,000. - 15B -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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