Bank Of Baku

Azerbaijan sees decline in troubled loans

Azerbaijan sees decline in troubled loans
# 14 August 2012 11:31 (UTC +04:00)
Baku. Ali Ahmadov– APA-Economics. For the first time in Q1, the volume of troubled loans has decreased in Azerbaijan’s banking sector, CBA told APA.

As of July 1, the volume of troubled loans made AZN 706.7 mln, which makes 6.55 of the total loan portfolio. Note that, a month ago, the volume of troubled loans was AZN 720.1 mln, its share in total loan portfolio was equal to 6.8%. In other words, the amount of troubled loans in June made AZN 13.4 mln, its share in total loan portfolio dropped 0.3%.

In general, since the beginning of the year, the amount of troubled loans increased by AZN 72.9 mln or 11%, and AZN 148.8 mln or 26% year on year.
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