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TBC Creditâ€™s clientele drop

TBC Creditâ€™s clientele drop

29 July 2009 13:04 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at July 1, TBC Credit non-bank lending institution (former SOA Credit) posted its loan portfolio at $16.5 million, down 11% on early this year.

TBC Credit said the customer base fell by 3% to 1 301 accounts. With regard to the diversification of loan portfolio, 85% were business and mortgage loans and 15% consumer loans.

SOA Credit changed its name to TBC Credit after being acquired by Georgiaâ€™s TBC Bank. The company has started lending loans since 2000.
Georgiaâ€™s TBC Bank took a 75% stake in SOA Credit several months ago.

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