TBC Kredit's loan portfolio increases by 10 percent
Azerbaijan, Baku, June 12 / Trend /
As of June 1, 2010, the loan portfolio of the Azerbaijani non-bank credit organization TBC Kredit increased by 10 percent compared to the early 2010 and by $0.5 million compared to the data of the previous month, the company said.
On June 1, 2010, the amount of the loan portfolio reached $18 million in 1,682 active loans.
The structure of the portfolio has loans for small and medium business - 47 percent, mortgages - 30 percent, consumer loans - 14 percent and micro-loans - 9 percent.
Non-bank credit organization TBC Kredit has been functioning in Azerbaijan since 1999. Since December 2007, about 75 percent are owned by the leading Georgian bank TBC Bank and 25 percent - ShoreBank International Ltd.