TBC Kredit Plans to Increase Loan Portfolio in 2010
OREANDA-NEWS. January 21, 2010. This year TBC Kredit is planning to increase its loan portfolio.
The Organization says that in accordance with its forecast for 2010 its loan portfolio will be doubled (compared to the 2009 indicator).
“We expect to increase our loan portfolio up to USD 30 million by the end of 2010,” the Organization informed.
Following 2009 TBC Kredit’s loan portfolio totaled USD 16.3 million with 1,451 active loans.
TBC Kredit, a credit non-bank credit institution (former SOA Credit), has been operating in Azerbaijan since 1999.
TBC Kredit’s shareholders are Georgia’s TBC Bank (it acquired a 75% stake in the Organization in December 2007) and ShoreBank International Ltd (25%).
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