Bank Of Baku

Provision of crediting decreased by 4.5% in Azerbaijan during first 5 months

Provision of crediting decreased by 4.5% in Azerbaijan during first 5 months
# 26 July 2011 13:21 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. The provision of crediting in Azerbaijan’s economy decreased by 4.5% during the first 5 months of 2011, outcomes of CBA on 5 months reported.

As of June 1, provision of crediting in economy made AZN 8 bln, 750.4 mln, down AZN 413 mln compared ton early 2011.

The troubled loans and their share in total loan portfolio decreased during the same period. As of June 1, troubled debts made AZN 551.8 mln (as of May 1 553.2 mln), their share in total loan portfolio is 6.3%.

The provision of crediting makes 32.8% in household, 27.3% in trade and service sector, 7.7% in construction and property sector, 5.8% in industry and production sector, 5.3% in transport and communication, 4.9% in agriculture sector, 3.3% in energy and chemistry sector.
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