Azerbaijan sees bank loans grow in April

Azerbaijan sees bank loans grow in April
# 29 May 2009 16:19 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of May 1, Azerbaijan-based banks’ total loan portfolio stood at AZN 6 102.4 million, up 20.2% or AZN 1 026.9 million from a year ago, said the Central Bank of Azerbaijan.

However, the figure fell by 13% or AZN 914.4 million during January-April amid a 12.4% drop in total assets.

The downswing in loan lending came to an end and loan portfolio increased by 1.1% or AZN 64.6 million in April.
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