Bank Of Baku

Bank credits increases in August

Bank credits increases  in August
# 30 September 2010 08:39 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s commercial banks gave AZN 8 788.6 million credits to September 1, 2010 raising its volume by 15.2% in comparison with the last year’s statistics.

Sources at the Central Bank of Azerbaijan told APA-Economics that domestic farms (consumer credit loans) take most part of the credit portfolio. It was 29.8% to September 1, 2010. This figure was rose 0.1% throughout the year. Totally the consumer credit loans increased 15.7% to AZN 2 620.1 million in the past year.

Structure of the banks’ total loan portfolio


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