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Crediting rapidly weakens in banking system of Azerbaijan

Crediting rapidly weakens in banking system of Azerbaijan

29 December 2011 13:40 (UTC +04:00)

The Central Bank says at the same time, from the beginning of the year, loan portfolio increased by 7%, in November - by 0.8%. Reducing rate of credit growth is primarily due to the fact that in commercial banks cautiously approach to lending and attach great importance to reduce the volume and the proportion of bad loans.

Note that, in 2010, the total loan portfolio of banks increased by 9%, in 2009 - by 17.3%, in 2008 - 54.1%.

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