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Long-term loans grow more rapidly in Azerbaijan

Long-term loans grow more rapidly in Azerbaijan

08 September 2009 15:35 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of August 1, short-term loans grew by 9.6% year-on-year and long-term loans by 15.4% in Azerbaijan, said the Central Bank of Azerbaijan.

According to statistics, long-term loans account for 70.7% of loans now.

(mln. manat)

	01.08.2009	01.08.2008
Loans	7 229,2	6 361,5
Short-term	2 116,6	1 930,6
Share in total (%)	29,3	30,4
Long-term	5 112,6	4 430,9
Share in total (%)	70,7	69,7

Of the loans, 94.3% was lent by banks and 5.7% by non-bank lending institutions.

Banks lent 98.8% of long-term loans.

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