The active loan portfolio of non-bank credit organization LLC Vision Fund Azerkredit in January -August 2013 increased by $ 11.63 million or 20.4% to $ 68.553 million.
The assets of the company for the period increased by $ 12.28 million, or 18.2 %, to $ 79.61 million and the total number of customers increased by 18.1% to 70.59 million persons.
The share of problem loans in the portfolios of society has increased by 0.05 percentage points to 0.26%. Among borrowers 34.22 % were women (0.72% more than in late 2012).
Ltd. Vision Fund Azerkredit has operated since 2003. Total the company has issued loans totaling $ 159.88 million. The loans are from 3 to 30 months, with the amount in the range $ 100 - $ 10,000. -15B-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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