Bank Of Baku

United Credit Bank sees growth in problem loans

United Credit Bank sees growth in problem loans
# 25 October 2010 13:46 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based United Credit Bank increases problem loans in total loan portfolio, chairman of Board of Directors of bank Azad Isgandarov told APA.

According to him the problem loan rose 5 times to 15% share in loan portfolio.”

He also noted that the payment level of credits in banks makes 80% and this is sufficiently.

Owned by 1 legal entity and 2 individuals United Credit Bank has been in operation since 1996. The bank operates 2 branches, 5 ATMs and 7 POS-terminals across the country.
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