Bank Of Baku

Centralized crediting decreases in Azerbaijan

Centralized crediting decreases in Azerbaijan
# 23 August 2011 11:04 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of July 1, 2011, total volume of CBA’s portfolio of refinancing operations stood at AZN 1,984.7 mln.

CBA says centralized credits given to commercial banks rose AZN 607.4 mln or 44.1% year-on-year. Moreover, growth, in January-June of 2011, amounted to AZN 122.9 mln or 6.6%.

At the same time, for the first time this year in June the portfolio of the Central Bank for refinancing fell to AZN 12.1 mln or 0.6%. Although this small reduction, the forthcoming processes will show whether it will be long.
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