Bank Of Baku

Troubled loans rose 52% in Azerbaijan year-on-year

Troubled loans rose 52% in Azerbaijan year-on-year
# 17 June 2011 12:29 (UTC +04:00)
SSC says the 35.6% of lending was carried out by the state, 61.9% - by private banks, 2.5% - non-banking organizations. AZN 5,817.0 mln of loan was long-term credits, AZN 2,822.6 mln – short-term loans, AZM 553.2 mln – overdue credits.

Long term loan fell 7.5%, short-term loans increased by 22%, troubled loans – by 51.5% compared to a year ago.
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