BAKU/10.10.13/TURAN : Credit portfolio of non-bank credit organization TBC Kredit increased in January -August 2013 for $ 3.2 million , or 8.8% , to $ 39.66 million during the reporting period, the Company increased its microcredit to $ 1 , 77 million or 21.2 % to $ 10.09 million.
Assets of the company increased by $ 2.71 million , or 7.1% , to $ 40.791 million customer base expanded by 2.5 per cent to 3.72 million people .
The share of problem loans in the total loan portfolio increased 0.15 percentage points to 0.72 %, and micro-credit - by 0.26 percentage points up to 0.44%.
In total the company credited a total of $ 145.846 million, of which $ 32,075 million was micro credit.
TBC Credit provides loans for a term of one to 10 years. The loan amount varies from 300-200 000 manat. The interest rate starts from 18 percent and above. The portfolio is dominated by traditional business loans. -15D -
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review