The active credit portfolio of the non-bank credit organizations Ltd. Nakhchivan Credit in January-June this year increased by $ 2.74 million or 26.4% to $ 13.13 million.
The assets of the company for the period increased $ 2.77 million or 27.2% to $ 12.94 million and the total number of the customers increased by 12.7% to 9.9 thousand people.
The share of problem loans in the company's portfolio rose by 0.01 percentage points to 0.02%. 49% of the borrowers are women (no change to the beginning of the year).
For all the time, the company has granted loans totaling $ 31.94 million.
Ltd. Nakhchivan Credit operates in the Nakhchivan Autonomous Republic. Loans are issued for a period of 9 to 18 months and the amount range from $ 500 to $ 5,000. The lending rate is 30% per annum. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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