Azerbaijan, Baku, Dec. 24 / Trend N. Ismayilova/
In 2011the microfinance market of Azerbaijan remained steady in the specific weight of the credit portfolio at risk, Jalya Hajiyeva, executive director of the Azerbaijani Microfinance Association (AMFA), told Trend on Saturday.
The share of the portfolio at risk during 2011 has been kept at a average level of 3.3 per cent. Over this year, this indicator fluctuated between three and four per cent, Ms Hajiyeva said.
During this year there were no serious changes in the portfolios and client base of microfinance institutions, she said. According to our information, the current volume of loans approaches $ 700 million, Ms Hajiyeva said.
Currently, AMFA consists of 27 organisations, including eight banks and two leasing companies.
The consolidated value of the ANFA members' micro-credit portfolio increased by 23 per cent rising to $600.83 million by the end of September. This is against $488.42 million in early 2011.
The share of micro-credits at risk is 3.3 per cent of total portfolio against 3.27 per cent in 2010. The value of credits written off is $426,600.
The total value of credit portfolio of organisations amounted to $ 2.8 billion at the end of September. The number of active clients was 530 171.
The official exchange rate is 0,7863 AZN/USD.
