CredAgro 50% extends customer base

CredAgro 50% extends customer base
# 21 May 2010 11:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of May 1, 2010, Azerbaijan-based CredAgro non-banking organization’s loan portfolio stood at AZN 33.389 mln, down 17.8% compared with a year ago.

According to company, number of customers rose by 49% to 21 689 during the same period.

The organization AZN 11.986 mln allocated to without guarantee business credits from total loan portfolio, AZN 9.380 mln to consumption, AZN 7.734 mln to trade, AZN 1.466 mln to agriculture, AZN 0.856 mln to leasing, AZN 0.395 mln to production and AZN 1.573 mln to other spheres.

Owned by US ACDI/VOCA organization CredAgro has been in operation since 2000.
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