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Azerbaijan posts 39% year-on-year rise in loan lending

Azerbaijan posts 39% year-on-year rise in loan lending

24 April 2009 10:46 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. As of March 1, the total loan lending by Azerbaijan-based lending institutions stood at AZN 6.7 billion, up 39.1% or AZN 1.9 billion on on a year ago, said the State Statistical Committee.

Of this, 42.6% was lent by state-owned banks, 54.6% by private banks and 2.8% by non-bank lending institutions.
Long-term loans accounted for 69.5% and overdue loans reached 2.2% of the loans lent.

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