Bank Of Baku

Bank crediting decreases in Azerbaijan

Bank crediting decreases in Azerbaijan
# 06 July 2011 09:32 (UTC +04:00)
Baku. Ali Ahmadov – APA-Economics. As of June 1, 2011, the volume of lending by Azerbaijan-based commercial banks made AZN 8,531.4 mln, down AZN 19.7 mln or 0.2% compared to a year earlier. At the same time, the lending has decreased by AZN 440.4 mln or 5% since early 2011.

The decrease in lending means that, there is stagnation in banking system. Azerbaijani banking system face the serious problems after passing the crisis period.
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