Bank Of Baku

TBC Kredit sees 36% growth in loan portfolio

TBC Kredit sees 36% growth in loan portfolio
# 31 July 2012 15:17 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of July 1, 2012, Azerbaijan-based TBC Kredit non-banking organization’s loan portfolio rose 36% to $ 31.26 mln. Business loans, with the special share of 44%, make majority. Mortgage and consumption loans make 23% and 33%.
In comparison to a previous year’s performances, consumption and micro business crediting increased. Consumer lending portfolio approximately doubled, micro business lending increased by 2.5 times.
TBC Kredit plans to increase loan portfolio up to $40 mln by the end of this year.
Note that, TBC Kredit has been in operation since 1999.
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