Bank Of Baku

CredAgro increases customer base by 22% year-on-year

CredAgro increases customer base by 22% year-on-year
# 30 August 2010 11:59 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of August 1, 2010, CredAgro’s loan portfolio stood at AZN 30.335 mln, down 25.5% compared with a year ago.

Company says the volume of the credit for business decreased by 28% to AZN 21.132 mln, for agriculture by 28.4% to AZN 1.990 mln.

At the same time investment in economy of the country slipped 11% to AZN 11.543 mln, authorized capital remained unchanged at AZN 4 523 mln.

Loan contracts rose by 21% to 21 285.

Owned by US ACDI/VOCA Company CredAgro has been in operation since 2000. The company operates 14 branches and 8 ı) subsidiary offices across the country.
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