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Troubled loans increases by 40% in Azerbaijan

Troubled loans increases by 40% in Azerbaijan

20 October 2011 14:28 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. In January-August, 2011, the volume of crediting in Azerbaijanâ€™s economy made AZN 9.5 bln or 19.2%.

AZN 6.4 bln of the loans were given for long term, AZN 3.1 mln for short term. Maturity date of 6.2% or AZN 592.5 mln is over.

Compared to last year, the volume of long-term loans increased by 1.6%, short-term loans â€“ by 24%, overdue credits â€“ by 40%.

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