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Loan lending grow in Azerbaijan

Loan lending grow in Azerbaijan

18 August 2009 09:45 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of July 1, Azerbaijanâ€™s banking system has saw a 4.8% year-on-year rise in loan lending to AZN 6.5 billion, said the State Statistical Committee.

According to statistics, loan extension grew by AZN 297.3 million from a year ago.

Of this, 39.5% was lent by state-owned bank, 57.8% by private banks and 2.7% by non-bank lending institutions.

67.2% of loans were long-term ones and 3.8% were overdue.

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