Bank Of Baku

Azerbaijan increases overdue credits by 62%

Azerbaijan increases overdue credits by 62%
# 16 February 2011 12:39 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of January 1, 2010, the volume of loan given to individuals and legal entities by Azerbaijan-based bank-credit organizations rose 9% to AZN 9 163.4 bln.

According to State Statistical Committee, the 42% of loan was given by government, 55.3% by private banks, 2.1% by non-banking organizations. 72% mln was long-term, 5.4% – overdue credits.
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