The loan portfolio of the non-bank credit organization TBC Credit increased in January-June 2012 by $ 12.38 million, or 64.2%, to $ 31.67 million. During the period, the company increased its micro crediting by $ 3 76 million or 2.7 times to $ 6.02 million.
The assets of the company increased by $ 10.94 million, or 50.7%, to $ 32.68 million and the customer base expanded by 70.8% to 3.11 thousand people.
The share of bad loans in the total loan portfolio decreased 2.44 percentage points to 3.15%, and this share in the micro crediting decreased 1.12 percentage points to 0.60%.
For all the time, the company has credited a total of $ 106.47 million, of which $ 20.31 was micro credit.
TBC Credit provides loans for a period of 1 to 10 years. The loan amount varies from 300 to 200,000 manat. The interest rate starts at 18 percent or higher. The portfolio is dominated by traditional business loans.
The organization has operated from the beginning of 2000. Its shareholders are TBC Bank (75%) and ShoreBank International (25%). - 15B -
Economics
-
As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
-
Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
-
As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
-
Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
Leave a review