Baku. Nijat Mustafayev – APA-ECONOMICS. As of March 1, 2012, banking and credit organizations of Azerbaijan directed AZN 10.2 bln-credit funds to development of economy, up 10.9% compared to last year.
The State Statistical Committee says 33.3% of credit investment was carried out by state, 64.1% - by private banks, 2.6% - by non-banking credit organizations. 70% of credits made by long-term loans, AZN 6.4% – overdue loans.
Compared to last year, the volume of short-term loans made AZN 3.1 bn by rising 24%, long-term credits – AZN 6.6 bn by rising 7.6%, overdue loans – AZN 648.8 mln by rising 27.4%.
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