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Bank crediting sharply decreases in Azerbaijan

02 May 2011 10:21 (UTC +04:00)

Reason of sharp decrease of loan portfolio is related to reduction of crediting of some spheres. That is, loan given to power engineering, chemistry and natural resources sector decreased by 3 times, from AZN 979.7 mln to AZN 301.2 mln. Share of it in total loan portfolio drooped from 10.7% to 3.6%.

Loans given to industrial and construction sector went down 29.5%, from AZN 685.8 mln to AZN 483.3 mln. Share of these loans in total loan portfolio drooped from 7.5% to 5.8%.

Loans given to agriculture and manufacturing industry decreased by 1.56%, from AZN 439.8 mln to AZN 432.9 mln. But share of this sphere in total loan portfolio rose from 4.8% to 5.2%.

Loans given to transport and communication sector are almost remained unchanged â€“ went down from AZN 448.5 mln to AZN 448.4 mln. Share of these loans rose from 4.9% to 5.4%.

In March, the highest growth rate was observed in trade and service sector. That is, crediting of this sphere rose from AZN 2.144 bn to 2.184 bn, share of it rose from 23.4% to 26.1%.

Loans given to construction and property sector rose from AZN 647.6 mln to AZN 652.6 mln, share of it went up from 7.1% to 7.8%.

In March, consumer crediting rose 0.5% to AZN 2.761 bn. Consequently, these loans made 3/1 of total loan portfolio.