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
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