The active loan portfolio of the non-bank credit organization LLC CredAgro within 9 months of the year increased by $ 2.71 million or 8.4 percent to $ 34.84 million. In the portfolio the share of micro credits was 95.4 %.
Assets of the company increased over the period by $ 3.41 million or 8.8 % to $ 41.89 million and the total number of customers decreased by 5.1 % to 17.95 million persons.
The share of problem loans in the total loan portfolio, compared with the beginning of the year, decreased by 0.54 percentage points to 0.44 %, and the share in the micro credits reduced by 0.04 percentage points to 0.52 %.
The company has issued loans totaling $ 311.82 million , including micro-credit - for $ 311.69 million.
CredAgro provides loans for a period of 3 to 60 months. The loan amount varies from $ 500 to $ 120,000. The interest rate on agricultural loans is 24 %, trade and business - 25-28 %, consumer credits - 30-36 % , express loans - 36 % and leasing - 25 % per annum. - 15B -
Economics
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On Monday, November 18, as part of the COP29 events, Baku hosted a presentation of the Roadmap for the 'Energy Efficiency Strategy in Azerbaijan.'
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Azerbaijan produced 24.1 million tonnes of crude oil (including condensate) in the first ten months of 2024, a decline driven by reduced output at key offshore fields, according to data from the Ministry of Energy.
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Azerbaijan is preparing to unveil its Biennial Transparency Report (BTR) this week, highlighting its commitment to climate action. Environment and Natural Resources Minister Mukhtar Babayev, who also serves as the President of COP29, emphasized the importance of clear plans to meet the 1.5-degree target through enhanced Nationally Determined Contributions (NDCs), National Adaptation Plans (NAPs), and the BTR.
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Azerbaijan and Germany conducted a high-level business dialogue focused on "Green Transformation" during the COP29 climate summit, organized by the Azerbaijan Export and Investment Promotion Agency (AZPROMO) and the Eastern Business Association of Germany. The event brought together around 40 representatives from both countries, including companies specializing in renewable energy, food production and packaging, ICT and technology services, water management solutions, automotive industry technologies, and other sectors.
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