Bank Of Baku

Azerbaijan sees 22% rise in troubled loans year-on-year

Azerbaijan sees 22% rise in troubled loans year-on-year
# 21 May 2012 10:55 (UTC +04:00)
The State Statistical Committee says 33.4% of credit investment was carried out by state, 64% - by private banks, 2.6% - by non-banking credit organizations.

Compared to last year, the volume of short-term loans made AZN 2,970.8 mln, long-term credits – AZN 7,292.4 mln. The volume of overdue loans rose 21.6% to AZN 663.9 mln.
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