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Azerbaijani NBCO to bring credit portfolio volume to $200 million in 2014

Business Materials 30 December 2013 17:29
Azerbaijani Non-bank Credit Organisation (NBCO), FINCA Azerbaijan, plans to increase the volume of its credit portfolio to $200 million in 2014.

Baku, Azerbaijan, Dec.30
By Emin Aliyev - Trend:

Azerbaijani Non-bank Credit Organisation (NBCO), FINCA Azerbaijan, plans to increase the volume of its credit portfolio to $200 million in 2014, acting chief operating manager of the organisation Nazakat Aslanova told journalists on Dec.30. .

"Currently, the total credit portfolio of the company exceeds $190 million. Since its establishment, FINCA Azerbaijan issued around $1 billion in loans. These resources were directed for supporting small and medium-sized business in the country's regions as well as the cities," Aslanova said.

FINCA Azerbaijan has operated in Azerbaijan since 1998. Some 33 branches and 33 sub-branches of the organisation operate in Baku and in the country's regions.

Translated by L.Z.

Edited by S.M.

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