Bank Of Baku

Total loan portfolio on ACUA reaches AZN 20.5 mln

Total loan portfolio on ACUA reaches AZN 20.5 mln
# 30 August 2010 11:41 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of June 1, 2010, loan portfolio of ACUA’s (Azerbaijan Credit Union Association) member credit unions reached AZN 20.501 mln.

ACUA says the credits were borrowed from WB, Social Fund for the Development of Internally Displaced (SFDI), The National Entrepreneurship Support Fund (NESF), AgrarCredit non-banking organization and other organizations

The active members of member unions to ACUA reached 14 929. 13 347 of them are individuals, 232 are legal entities.

Authorized capital of ACUA’s members made AZN 6.254 mln, reserve capital – AZN 1.760 mln.

ACUA has been in operation since 2003.
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