Agrarkredit gets AZN 556,000 profit during three quarters of 2012

Agrarkredit gets AZN 556,000 profit during three quarters of 2012
# 16 October 2012 13:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2012, Azerbaijan-based Agrarkredit’s assets stood at AZN 27.1 mln, loan portfolio – at AZN 16.5 mln. Total capital made AZN 20.1 mln, as well authorized capital – AZN 18.6 mln.

In January-September, the organization gave AZN 6.3 mln to 556 entrepreneurship subjects and 564 borrower’s group via Rural Crediting, including AZN 3.4 mln to animal breeding, AZN 0.5 mln – to plan-growing, AZN 2.3 mln – to trades and services, AZ 0.1 mln – to other spheres, AZN 2 mln to 218 entrepreneurship subjects via National Entrepreneurship Support Fund.

At the same time, the organization gave AZN 266,000 entrepreneurship subjects and borrowers’ group in Absheron, khizi, Siyazan and Shabran within the North-East Development Program financed by International Fund for Agricultural Development and AZN 2.1 mln to 750 private entrepreneurs and borrowers’ group in Gazakh, Aghstafa, Tovuz and Shamkir region within North-West Development Program financed by International Fund for Agricultural Development.

AZN 217.5 mln was collected in the account of Partnership Fund from usage of agricultural techniques leased to agricultural producers.

Note that, Agrarkredit’s incomes in January-September made AZN 3.182 mln, expenditures – AZN 2.626 mln. Consequently, the organization completed 9 months of 2012 in te profit in amount of AZN 555,600.
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