TBC Credit expanded micro credit for year by 3.7 times

Loan portfolio of non-bank credit organization TBC Credit increased in January-December 2012 by $ 17.2 million, or 89.1%, to $ 36.49 million

During the reported period, the company increased its micro credit by $ 6.07 million or 3.7 times to $ 8.33 million.

Assets of the company increased by $ 16.33 million, or 75.6%, to $ 38.07 million and the customer base expanded by 100% to 3,627 persons.

The share of bad loans in the total loan portfolio amounted to 0.57%, and their share in micro-credits was 0.18%.

For all the time, the company credited a total of $ 125.67 million, of which $ 25,970,000 was micro credit.

TBC Credit provides loans for a period of one to 10 years. The loan amount varies from 300 to 200 000 manats. The interest rate starts at 18 percent and above. The portfolio is dominated by traditional business loans.

The organization has operated from the beginning of 2000. Its shareholders are TBC Bank (75%) and ShoreBank International (25%). - 15B -