The loan portfolio of the non-bank credit organization TBC Credit increased in January-November 2012 by $ 16.35 million or 84.7% to $ 35.64 million.
During the reported period, the company increased its micro-credit by $ 5.85 million or 3.6 times to $ 8.11 million
The assets of the company increased $ 15.4 million or 70.9% to $ 37.14 million and the customer base expanded by 97.8% to 3,553 persons.
The share of bad loans in the total loan portfolio amounted to 0.69% and this share in the micro-credit made 0.21%.
For all the time, the company has credited a total of $ 122.26 million, of which $ 25.1 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 or higher. 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 -
Economics
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