Nakhcivan Credit portfolio fell by almost 40 %

The active loan portfolio of non-bank credit organization LLC Nakhchivan Credit from January to August this year was reduced by $ 4.92 million or 39.9 % to $ 7.564 million.

The assets of the company for the period decreased by $ 4.82 million , or 40.2 %, to $ 7.189 million Total number of customers decreased by 29.4 % to 6.08 thsd persons .

The share of problem loans in the portfolios of the society from the beginning of the year remained unchanged and amounted to 0.03%. Among the 49% of borrowers are women ( 1 % with respect to the beginning of the year).

Totally during activity in the financial market, Ltd. Nakhchivan Credit issued loans totaling $ 44.194 million.

The company operates in the territory of Nakhchivan Autonomous Republic . Loans are granted for a period of 9 to 18 months , with the amount in the range of $ 500 - $ 5000. The interest rate on loans up to 30% per annum . - 15B -

 

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