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Agrarcredit gets 4% rise in lending portfelio

Agrarcredit gets 4% rise in lending portfelio

06 October 2009 16:34 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Azerbaijan-based non-bank lending institution Agrarcredit has posted a 4% rise in its lending portfolio for January-September.

Vugar Yagubov, credit officer of Agrarcredit, said the lending portfolio increased from AZN 25 million on January 1 to AZN 26 million on October 1.

Agrarcredit with the main focus on agriculture is owned by the Ministry of Finance (99.98%) and other government agencies.

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