Bank Of Baku

CBA: No rise observed in volume of problem loans in banking sector

CBA: No rise observed in volume of problem loans in banking sector
# 05 October 2010 11:17 (UTC +04:00)
According to him the situation in the sphere was stabilized completely: “Works on the solving of current problems are conducted and the banks already have positive results on the returning of same credits. Better results are expected by the end of the year.”

He also noted that there was not serious problem in the banks’ borrowing a loan from abroad: “Banks have high liquidity level. This caused not to borrow loan from abroad. ”

Note that as of September 1, 2010, the volume of the overdue credits of Azerbaijan-based banks and non-banking organizations stood at AZN 423.7 mln, up by 1.5 times compared with a year ago.
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