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Troubled loans increases by 29% in Azerbaijan

Troubled loans increases by 29% in Azerbaijan

21 February 2012 07:56 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-ECONOMICS. As of January 1, 2012, banking and credit organizations of Azerbaijan directed AZN 10 bln-credit funds to development of economy, up 9.9% compared to last year.

The State Statistical Committee says 33.2% of credit investment was carried out by state, 64.3% - by private banks, 2.5% - by non-banking credit organizations. 69.3% of credits made by long-term loans, AZN 6.4% â€“ overdue loans.

Compared to last year, the volume of short-term loans made AZN 3,051.2 mln, long-term credits â€“ AZN 6,899.1 mln, overdue loans â€“ AZN 633.8 mln. So, within last year, short-term loans rose 18.85, long-term loans â€“ 4.65, overdue credits â€“ 28.6%.

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