Baku. Elnur Huseynguluyev – APA-Economics. As of June 1, 2010, Azerbaijan-based Omni-Finance non-banking organization’s loan portfolio stood at AZN 1.015 mln, up 3.8 times compared with a year ago.
Chairman of Board of Director Emin Sadigov says the number of customers rose by 2.8 times to 170, as of July 1.
He says the profit tripled to AZN 50 000 year-on-year. Of this, 40% came from consumer lending, 30% from trade and service sphere, 20% from mortgage loans and 10% from agriculture loans.
Owned by 3 local individual Omni Finance has been in operation since 2003. As of June 1, 2010, authorized capital stood at AZN 150 000.
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