Loan portfolio of TBC Kredit non-bank organization exceeds $16 million
Azerbaijan, Baku, July 28 / Trend /
As a result of the first six months, TBC Kredit overall portfolio reached $16.5mln with 1301 active loans, the organization said.
Structure of overall portfolio of TBC Credit as follows: approximately 85 percent - business and mortgage loans and 15 percent - consumer loans.
TBC Credit continues to expand a network of servicing of clients and in the nearest future it plans to open third service-center in Sumgait. The first two, which opened in 2008, are located in the centre of Baku.
Presently, the company targets to active loaning of small-medium business and credit specialists are being selected with this purpose.
Georgian TBC Bank is major founder of TBC Kredit. Georgian TBC Bank has 75 percent of shares but Shorebank International consulting company - 25 percent. Shorebank International joins U.S group of Shorebank. Shorebank founded SOA Credit in 2000. Entry of TBC Bank in capital of TBC Kredit was realized owing to additional investments in December 2008. As a result, capital of loan organization increased 10 million manat.
On July 28, the official exchange rate is 0.8041 manat to $1.