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 -
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review