The active loan portfolio of non-bank credit organization LLC Vision Fund Azerkredit in January- September 2013 increased by $ 12.44 million or 21.9% to $ 69.36 million.
Assets of the company during the reporting period increased by $ 14.41 million or 21.4 % to $ 81.75 million and the total number of customers increased 11.8% to 71.47 thousand people.
The share of problem loans in the portfolio of the company rose by 0.06 percentage points to 0.27 %. 34.31 % of the borrowers were women (0.81% more than in late 2012).
Ltd. Vision Fund Azerkredit has operated since 2003. For all the time the company has issued loans totaling $ 159.88 million. The loans are issued for 3 to 30 months , with the amount in the range of $ 100 - $ 10,000 . - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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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.
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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.
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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.
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