TBC Credit doubles loan portfolio

TBC Credit doubles loan portfolio
# 02 October 2008 14:52 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, TBC Credit non-bank lending institution (former SOA Credit) posted its loan portfolio at $20 million, twice as high as January 1.
Deputy director Ajdar Aliyev said the portfolio went 50% as real estate loans, 40% as business loans and 10% as consumer loans.
The customer base more than doubled to 1 200 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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