Bank Of Baku

Azerbaijan sees rise in centralized credits

Azerbaijan sees rise in centralized credits
# 03 May 2011 09:37 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of April 1, 2011, Central Bank of Azerbaijan’s portfolio on refinancing operations made AZN 1,940.1 mln. According to CBA, the centralized credits given to commercial banks rose AZN 578.1 mln or 42.4%. The growth was AZN 78.3 mln or 4.2% in January-March, 2011.

The growth rate of centralized credits was 2.4 times in 2008, 5.7 times in 5.7 times. However this was 41.5% in 2010.
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