Finca-Azerbaijan gets decline in share of clients using group loans

Finca-Azerbaijan gets decline in share of clients using group loans
# 20 September 2012 13:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of September 1, Azerbaijan-based non-banking organization Finca-Azerbaijan’s assets stood at AZN 154.291 mln, up 33% from year earlier.
Company says the loan portfolio rose 32% to AZN 136.203 mln, as well group loans soared 22% to AZN 73.980 mln, individual loans surged 48% to AZN 62.223 mln. Along with this, share of group loans in total loan portfolio dropped 5 percentage points to AZN 54.3%, share of individual loans rose 4.8 percentage points to 45.7%.
Total capital gained 29% to settle at AZN 29.9 mln, including authorized capital remained unchanged at AZN 5,000.
Note that, Fince-Azerbaijan’s incomes made AZN 35.232 mln, up 28% to AZN from previous year. Expenditures grew 26% to AZN 24.233 mln. Profit rose 32% to AZN 10.998 mln.
Number of clients rose 13% to 130,131, as well group loans’ clients soared 7.1% to 90,771, individuals – increased by 30% to 39,188.
Note that, Finca-Azerbaijan has been in operation since 1998. The company operates 29 branches and 34 offices.
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