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 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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