Azerbaijan’s Finex Kredit talks about expansion of lending in agriculture
BAKU, Azerbaijan, May 25
By Fidan Babayeva - Trend:
Azerbaijan’s Finex Kredit non-bank credit organization issued loans worth 1.7 million manat ($1 million) in the field of trade in 2019, Chairman of the board of the non-bank credit organization Rashad Gasimov told Trend.
“Some 30 percent accounted for the loans issued to individuals, 25 percent - the field of trade, 17 percent - small enterprises, 16 percent - agricultural sector, 10 percent - services and two percent - livestock development in 2019,” chairman added.
“Our organization with a professional team meets the needs of small and medium enterprises, as well as individuals with the competitive loan products,” chairman said. “Thus, the volume of the loans issued to small enterprises reached 1.2 million manat ($705,882) and agriculture – 1.1 million manat ($647,058) in 2019. We plan to increase the issuance of loans for the development of agriculture in Azerbaijan this year."
“During the period of special quarantine regime, the organization uses various remote methods of work with clients,” Gasimov said. “Thanks to the organization’s website and webpages on social networks, customers have great opportunities to receive advice and apply for getting a loan.”
“The offsite groups of employees have been also created in all branches,” the chairman said. “These groups visit the clients at their place of residence, consider loan applications, give consultations and also assist in choosing the credit and interest payment channels.”
Finex Kredit has been operating since 2013 and builds its activity on the basis of principles of transparent partnership in accordance with the modern international financial standards.
The organization has been developing steadily over the years of its activity, increasing profit every year. New branches are opening in Baku and the country’s districts. To date, the organization has 11 branches with the head office in Baku.
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