The credit portfolio of the non-bank credit organization TBC Credit expanded in January -September 2013 by $ 3.83 million or 10.5% , to $ 40.32 million. During the reporting period, the company increased its microcredit $ 2 19 million or 26.3 % to $ 10.52 million.
Assets of the company increased $ 4.36 million or 11.4% to $ 42.43 million and the company's customer base expanded by 11.1 percent to 4.03 million people.
The share of problem loans in the total loan portfolio increased 0.24 percentage points to 0.81 %, and this share in the micro-credits grew by 0.26 percentage points up to 0.44%.
The company has credited a total of $ 150.061 million, of which $ 33.466 million was micro credit.
TBC Credit provides loans for a term of one to 10 years. The loan amount varies from 300 to 200 000 manat. The interest rate starts from 18 percent and above. The portfolio is dominated by traditional business loans. -15D -
Economics
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