Azerbaijan gets rise in troubled loans

Azerbaijan gets rise in troubled loans
# 26 July 2012 12:29 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of June 1, 2012, local credits used in economy made AZN 10.6 bln, up 20.4% from year earlier.

According to State Statistical Committee, the 33.7% provision of crediting was carried out by state, 63.7% - by private banks, 2.6% - by non-banking organization.

AZN 7.6 bln of this was long-term, AZN 2.9 bln – short-term and AZN 720.1 mln – overdue credits.






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