Baku, Finance Time. The credit portfolio was of $42,6 million with 5309 active loans at the end of the first quarter of 2014. Loans disbursed as business loans dominated the credit portfolio with 47%, while mortgage and retail loans shared 16% and 37% respectively.  Almost 54% of the business credit portfolio is derived from micro-business projects.

Within the first six months of 2014, TBC Kredit issued corporate bonds for 3 million USD with two years of maturity. At the same time, the Company received a 2,5 million USD tranche from its international partner Triple Jump with 30 months of maturity. Moreover, the Organization is actively collaborating with other international partners such as MicroVest, ResponsAbility Social Investments AG, Triple Jump, OPIC (Overseas Private Investment Corporation, USA), European Bank for Reconstruction and Development (EBRD) и Black Sea Trade and Development Bank (BSTDB).

A brand new branch offering a full spectrum of services was inaugurated in the center of Sumgait in the first quarter of 2014. It is worth mentioning the Sumgait branch has demonstrated positive result ever since its opening.

The Company regards financing of business projects, development of small and medium size enterprises, as well as spreading of branch network throughout Azerbaijan to remain amongst its priorities.