Baku, Azerbaijan, May 11
By Kheyraddin Nasirzade – Trend:
A significant reduction is expected in the debt portfolio of Azerbaijan’s BOA Collecting Agency, Agency Director Samir Mustafayev told Trend.
According to Mustafayev, the portfolio will decrease by 50 percent after the announcement of the total list of problem loans of citizens by the Financial Market Supervisory Authority of Azerbaijan (FIMSA).
He added that the restructuring of problem loans will be completed by early June this year.
In 2018, the debt portfolio of Azerbaijan’s BOA Collecting Agency made up about 50 million manats.
BOA Collecting Agency LLC has been operating in Azerbaijan since the end of 2012. Today, it is one of the largest collection agencies of the country.
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