Bank Of Baku

Centralized crediting process weakens in Azerbaijan

Centralized crediting process weakens in Azerbaijan
# 09 January 2012 09:32 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of December 1, 2011, total amount of crediting in Azerbaijan’s economy made AZN 1.996 bln, up 19.8% compared to last year.

CBA says this figure rose 7.2% since the beginning of the year. No changes were recorded in the amount of centralized loan portfolio in November.

Note that, the observed growth rate is the lowest in the last 4 years. Thus, the volume of refinancing within 2010 rose 41.6%, but it was higher in the previous years:


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