Bank Of Baku

TBC Credit boosts loan portfolio by 76%

TBC Credit boosts loan portfolio by 76%
# 01 April 2009 10:32 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, TBC Credit non-bank lending institution (former SOA Credit) posted its loan portfolio at $18.5 million, up 76% on a year ago.
TBC Credit said the customer base more than doubled to 1 400 accounts and 1 077 new loans have been issued.
SOA Credit changed its name to TBC Credit after being acquired by Georgia’s TBC Bank. The company has started lending loans since 2000.
Georgia’s TBC Bank took a 75% stake in SOA Credit several months ago.
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