Active credit portfolio of non-bank credit organizations Ltd. Vision Fund Azercredit in January-December 2012 increased by $ 15.23 million or 36.5% to $ 56.92 million
Assets of the company for the period increased by $ 20.49 million, or 43.8%, to $ 67.34 million total number of customers increased by 26.7% to 59,750 persons.
The share of bad loans in the portfolios of the Company amounted to 0.21%. 33.5% of the borrowers are women (by 7.5 percentage points less than it was at the end of 2011).
Company Vision Fund Azercredit operated since 2003. For all the time, the company has granted loans totaling $ 159.88 million loan issued for a period of 3 to 30 months, and the amount is in the range $ 100 - $ 10 000. - 15B -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review