Bank Of Baku

Total volume of credits in Azerbaijan rises 9%

Total volume of credits in Azerbaijan rises 9%
# 27 January 2011 11:57 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of January 1, 2011, total volume of credits given by credit organizations stood at AZN 9 163.4 mln, up 9% from year ago. This index rose 0.7% in December, 2010.

CBA says most of this credit was household loans (29.5%), loan to service sector (24.1%). Annual growth of share of consumer lending is 1.8 percentage power, of trade and service made 2.3 percentage point.

Share of private banks in credit organizations’ portfolio made AZN 5 069.9 mln or 55.3%, state bank (International Bank of Azerbaijan) – AZN 3 901.9 mln or 42.6%. Besides, AZN 191.6 mln concerned to non-banking organizations.
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