The Khachmaz and Shabran regions have received regional branches of the non-bank credit institution FINCA Azerbaijan.
As stated in the press release of the financial agency, the new offices are designed to service 8,000 customers.
The branch in Khachmaz has attracted 3,000 customers in 2 years, bringing its loan portfolio to $ 3.3 million. Its counterpart in Shabran services customers in the Shabran, Khizi and Siyazan regions. For 8 years the number of its customers has reached 5,000 borrowers, who have been granted about $ 6 million.
FINCA Azerbaijan is present in 67 regions of the country, with 150,000 clients. The credit portfolio of the organization is estimated at $ 185 million. --17D-
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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