Loan portfolio of the non-bank credit organization TBC Kredit increased in January-July 2012 by $ 13.15 million, or 68.1%, to $ 32.44 million. In the reported period, the company's micro crediting increased by $ 4.19 million or 2.9 times to $ 6.45 million.
Assets of the company increased by $ 12.02 million, or 55.8%, to $ 33.77 million. The customer base increased by 23% to 3.24 thousand people.
The share of bad loans in the total loan portfolio decreased by 2.96 percentage points to 2.63%, and micro-credit - by 1.23 percentage points to 0.49%.
For all the time, the company credited a total of $ 110.75 million, of which $ 21.33 was micro credit.
TBC Kredit provides loans for a period of one to 10 years. The loan amount varies from 300 to 200,000 manat. The interest rate starts at 18 percent or higher. The portfolio is dominated by traditional business loans.
The organization operates from the beginning of 2000. Its shareholders are TBC Bank (75%) and ShoreBank International (25%). - 15B -
Economics
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