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Azerbaijan reports a rise in share of loans in assets

Azerbaijan reports a rise in share of loans in assets

09 April 2009 10:07 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of March 1, Azerbaijan-based commercial banksâ€™ total loan portfolio accounts for 68.7% of their assets, said National Bank of Azerbaijan.

This figure increased by 4.9 percentage points from a year ago and 0.4 percentage points from early this year.
As of March 1, banksâ€™ total loan portfolio reached AZN 6 509 million and assets stood at AZN 9 479.1 million.

This share is satisfactory for Azerbaijan given that investment instruments are limited for banks, stock market is underdeveloped, profitability is low, investment repatriation is more long-term etc.

In developed countries, this figure is 50-55% because of high-quality and quantity of investments there.
In big emerging markets, like Russia, this figure is 70-75%.

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