The active credit portfolio of the non-bank credit organization Ltd. Vision Fund Azerkredit in January-June this year increased $ 7.63 million or 18.2% to $ 49.32 million.
The assets of the company for the period increased $ 9.92 million or 21.4% to $ 56.77 million. The total number of its customers increased 12.4% to 53.03 thousand people.
The share of problem loans in the portfolio rose by 0.05 percentage points to 0.45%. 34% of the borrowers were women (7 percentage points lower than it was at the end of last year).
Ltd. Vision Fund Azerkredit has operated since 2003. For all the time, the company has granted loans totaling $ 110.89 million. A loan is issued for a period of 3 to 30 months, and the amount is in the range $ 100 - $ 10,000. - 15B -
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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