TBC Kredit extends loan portfolio by 35% year-on-year

TBC Kredit extends loan portfolio by 35% year-on-year
# 18 October 2011 12:53 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2011, TBC Kredit non-banking credit organization’s loan portfolio stood at AZN 26.2 mln, up 35% from a year earlier.

46% of loan portfolio is made by business credits. Share of mortgage and consumption loans in portfolio was 25% and 29%, correspondingly. 27.5% of business credits were made of microcredits.

2.5 times growth was recorded in the volume of consumption loans within the last year.

Remind that, TBC Kredit has been in operation in Azerbaijan since 1999.
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