Baku. Elnur Huseynguluyev – APA-Economics. As of September 1, TBC Credit non-bank lending institution (former SOA Credit) posted its loan portfolio at $19.5 million, up 85.7% from January 1.
Deputy director Ajdar Aliyev said the portfolio went 45% as real estate loans, 43% as business loans and 12% as consumer loans.
The customer base doubled to 1 100 accounts.
SOA Credit changed its name to TBC Credit after being acquired by Georgia’s TBC Bank. The company has started lending loans since 2000.
The authorized capital reached AZN 10 million.
Georgia’s TBC Bank took a 75% stake in SOA Credit several months ago.
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