CredAgro non-bank financial institution gets flagging portfolio

CredAgro non-bank financial institution gets flagging portfolio
# 21 May 2009 09:47 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, Azerbaijan’s non-bank microfinance institution CredAgro posted its portfolio at AZN 40.625 million, down 1% from early this year.

CredAgro said the portfolio mainly went to businesses, consumer loans, and agriculture. The number of customers increased 7.3% to 14 773.


CredAgro, set up in 2000, is a microfinance institution with a strong focus on agricultural and rural lending.

CredAgro lends loans at 25-36% annually.

It operates 13 branches and 8 offices throughout the country.
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