Bank Of Baku

Troubled loans increases by 44% in Azerbaijan year-on-year

Troubled loans increases by 44% in Azerbaijan year-on-year
# 19 July 2011 08:07 (UTC +04:00)
SSC says the 35.5% of lending was carried out by the state, 62% - by private banks, 2.5% - non-banking organizations. AZN 5,858.5 mln of loan was long-term credits, AZN 2,891.9 mln – short-term loans, AZM 551.8 mln – overdue credits.

Long term loan fell 8.3%, short-term loans increased by 23.3%, troubled loans – by 43.8% compared to a year ago.
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