TBC Kredit intends to increase loan portfolio by 23% this year

TBC Kredit intends to increase loan portfolio by 23% this year
# 07 February 2013 14:46 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2013, TBC Kredit non-banking organization’s loan portfolio stood at $ 36.6 mln, up 33% from year earlier. Head office of the organization in Baku says that the loan portfolio has 3,860 active credits.

Business credits make 47% of portfolio. Shares of mortgage and consumption loans’ are appropriately 20% and 33%. Micro business loans have 50%-share in business portfolio.

Consumption loan portfolio rose 43% to $ 12.2 mln, micro business loans portfolio soared 110% to $ 8.4 mln.

The organization totally borrowed $8.5 mln from international financial institutions in 2012. These creditors include «MicroVest», «ResponsAbility Social Investments AG» and «Triple Jump».

By the year-end, TBC Kredit intends to increase the existing loan portfolio by 23% to $45 mln.

Remind that TBC Kredit has been in operation since 1999.

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