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Loan lending grows 19% in Azerbaijan

Loan lending grows 19% in Azerbaijan

07 December 2009 14:07 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. As of November 1, Azerbaijanâ€™s banking system has saw a 18.9% year-on-year rise in loan lending to AZN 7.96 billion, said the Central Bank of Azerbaijan.

According to statistics, loan extension grew by AZN 1.27 billion from a year ago and AZN 800.5 million from early this year.

Of this, 47.5% was lent by state-owned bank, 50% by private banks and 2.2% by non-bank lending institutions.

28.9% of loans were household (consumer) loans and 21.8% were loans lent to trade and service sector.

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