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Troubled loans increases by 37% in Azerbaijan

Troubled loans increases by 37% in Azerbaijan

15 August 2011 13:32 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. As of July 1, 2011, the loan given by bank-credit unions to the clients made AZN 9 bln, up 10% from year ago.

SSC says the 35.2% of lending was carried out by the state, 64.8% - by private banks. AZN 6.021 bln of loan was long-term credits, AZN 2.421bln â€“ short-term loans, AZN 557.9 mln â€“ overdue credits.

Long term loan increased by 7.3%, short-term loans - by 3.1%, overdue loans â€“ by 36.5% compared to a year ago.

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