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Bank loans grow by 8.3% in Azerbaijan

Bank loans grow by 8.3% in Azerbaijan

30 October 2009 16:39 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of October 1, loan lending by banks grew reached AZN 7 598.8 million, up 17.9% from a year ago and up 8.3% from early this year, said the Central Bank of Azerbaijan.

According to the statistics, loans increased by 2% in September alone.

Bank loans grew by 25.9% during April-September after a 14% decline in the first quarter.

Loans accounted for 70.6% of banks assets.

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