Azerbaijan Micro Finance Bank's loan portfolio tripled

Bank's Head Office told the APA that its loan customers rose to 16,300 from 5,400 during 2006.

40,000 loans worth $115mln were lent during the bank's four year activity, average loan is $3,000.

The assets more than doubled to AZN 55.6mln, branches reached 10 in number.
Asian Development Bank, Triodos Fund, Oikocredit, Global Microfinance Facility and other international organizations opened a credit line of $14.5mln in total on-lending to micro, small and medium-size enterprises.

Azerbaijan Micro Finance Bank is owned by five shareholders: the European Bank for Reconstruction and Development, the International Finance Corporation, the Black Sea Trade and Development Bank, KfW Development Bank and LFS Financial Systems GmbH.