Bank Of Baku

Credits allocated by Azerbaijan-based bank credit organizations increase by 15%

Credits allocated by Azerbaijan-based bank credit organizations increase by 15%
# 22 November 2010 07:36 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of October 1, 2010, credits given by Azerbaijan-based bank credit organizations to individuals and legal entities rose AZN 1.2 bln or 14.9% to AZN 8 936.6 mln.

State Statistical Committee says that, 44% of crediting was implemented by state banks, 54% by private banks and 2% by non-banking credit organizations.

72.2% of them was long-term credits, 5% is overdue credits.

Long-term credit increased by 14.7% to AZN 6 450.1 mln, short-term credits by 15.2% to AZN 2 486.5 mln. Overdue credit made AZN 448.5 mln, during the same period, up 45% compared with a year ago.
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