Ministry of Agriculture Requires to Declare Non-bank Credit Organization Icraci Kredit Agentliyi Bankrupt
The State Service for Credit Management and Agricultural Projects (SSCMAP) at the Ministry of Agriculture demands declaring the non-bank credit organization Icraci Kredit Agentliyi (IKA) bankrupt.
The State Service addressed in this regard to the Baku Administrative Economic Court number 2. The trial is scheduled for September 7.
Commenting on this information, a source in IKA stated that they do not agree with this and will defend their position before the court.
‘This appeal does not say we are bankrupt. We do not agree with the plaintiff, and the court will be provided all the necessary information during the trial. At present, we continue to operate in accordance with the law and continue to serve our customers,’ the source said.
IKA worked on the basis of SSCMAP allocations.
IKA issued loans in the amount of 2,361,076 AZN in 2015.
The obligations of the organization were 184,275 manats by the end of 2015.
The total capital of IKA amounted to 2,310,993 manats. In comparison with the year 2014 the total capital increased by 6.47%. -----73B
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