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Acting director: Finca Azerbaijan’s credit portfolio hits $200 million

Business Materials 26 November 2013 17:35 (UTC +04:00)
Finca Azerbaijan non-bank credit organisation’s credit portfolio was $200 million, Finca Azerbaijan acting director Marco De Natale said at a press conference in Baku today.
Acting director: Finca Azerbaijan’s credit portfolio hits $200 million

Baku, Azerbaijan, Nov. 26

By Huseyn Valiyev - Trend:

Finca Azerbaijan non-bank credit organisation's credit portfolio was $200 million, Finca Azerbaijan acting director Marco De Natale said at a press conference in Baku today.

Finca Azerbaijan's total loan portfolio for 2012 amounted to more than $151.8 million. The growth rate exceeded 25 per cent compared to early 2013.

According to De Natale, on this index, Finca Azerbaijan is not only the largest microfinance organisation, it is among the major players in the Azerbaijani financial market.

According to Finca Azerbaijan, the total amount of loans issued by the organisation since its foundation reached $1 billion.

The organisation is rendering financial services to 150,000 clients. The number of branches and sub-offices in Azerbaijan is 66.

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