The micro credit loan portfolio in Azerbaijan increased in November to $ 24.6 million, or 3.2%, to $ 789.64 million, 458.7 thousand clients. Since the beginning of the year the figure rose to 22.2%, and for the year - by 29.2 percent. Share of risky loans from the beginning of the year declined by 2 percentage points to 1%.
According to the Azerbaijan Microfinance Association (AMFA), the largest creditor to its members remains of Accessbank, which accounted for 28.9% of all micro-credit.
Total allowance was based on the 30 organizations involved in microfinance in the country. Their total assets are $ 4.45 billion of micro credit borrowers 28% were women (7% less than at the end of last year).
The report reflected the AMFA loans ranging from $ 100 to $ 20,000. - 15V -
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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