Bank Of Baku

YapiKredi Bank Azerbaijan increases troubled loans

YapiKredi Bank Azerbaijan increases troubled loans
# 10 May 2011 11:07 (UTC +04:00)
Baku. ELnur HUSeynguluyev – APA-Economics. As of April 1, 2011, YapiKredi Bank Azerbaijan’s loan portfolio stood at AZN 79.793 mln, up 61.1% from year ago.

Bank says 12-month loan rose 43.5% to AZN 18.908 mln, loans given fior over 12 months soared 66.4% to AZN 59.428 mln, consumer lending advanced 78.2% to AZN 6.318 mln.

Bank’s mortgage loans dropped 11% to AZN 198.12 thousand, overdue credits surged 2.3 times to AZN 1.457 mln.

Remind that, YapiKredi Bank Azerbaijan has been in operation since 2000. The bank operates 6 branches, 17 ATMs and 80 POS-terminals across the country.
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