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
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
-
Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
Leave a review