Loan lending rises by 26% in Azerbaijan

Loan lending rises by 26% in Azerbaijan
# 19 May 2009 15:39 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of April 1, loan lending reached AZN 6 221.3 million in Azerbaijan, up 26.1% on the first quarter of 2008.

The State Statistical Committee said private banks contributed 58.8% of loan lending, leaving 38.2% to the state sector and 2.9% to non-bank lending institutions.

66.7% of loans were long-term and 3.1% were overdue loans.
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