Nakhchivan EDF loan portfolio has tripled

12:36 - 9.12.2024


December 9, Fineko/abc.az. Over Jan-Nov 2024, the loan portfolio of the Nakhchivan Autonomous Republic Entrepreneurship Development Fund amounted to 46.3 million manats.

ABC.AZ informs with reference to the NAR Ministry of Economy that the remaining amount of reserves as of December 1, 2024 tripled against the beginning of the year and reached 20.1 million manats.

Of the concessional loans given for the reported term, 16.6 million manats were returned, which is 3-fold more than the figure for Jan-Nov 2023.

In addition, 10.5 million manats were collected on the repayment of problem loans (14-fold more against Jan-Nov 2023).