Non-Banking Credit Organization LLC "Finca Azerbaijan" is planning for this year, to increase its credit portfolio by $ 22.4 million or 15% to $ 175 million.
As reported in today's press conference on Azerbaijan director Manish Sana'a, during the reporting period, the total number of clients can reach 150 thousand persons.
Active credit portfolio of the Company increased during 2012 by $ 35.36 million or 30.2% to $ 152.57 million. In the portfolio micro credits were 99.4%.
For all the time, the company has granted loans totaling $ 231.85 million, including micro-credit - for $ 230.5 million - 15B -
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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