Bank Of Baku

FINCA Azerbaijan gets 15% rise in loan portfolio year-on-year

FINCA Azerbaijan gets 15% rise in loan portfolio year-on-year
# 24 November 2010 13:54 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of November 1, 2010, the loan portfolio of Azerbaijan-based FINCA Azerbaijan non-banking organization stood at $73.050 mln, up 15.2% compared with the beginning of this year.

Chief of special projects Zaur Mammadov says the 43.498 mln dollars of credits were gives as groups, 29.552 mln dollars as individual.

Customers of organization increased by 9.5% to 93 053, group customers by 11% to AZN 70 465, individual clients by 5.9% to 22 588.

FINCA Azerbaijan has given 12.647 mln dollars credit to the customers, in November, 2010, up 10% compared with November, 2009.

Remind that, FINCA Azerbaijan has been in operation since 1998.
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