Bank Of Baku

Azerbaijan sees 27% rise in troubled loans

Azerbaijan sees 27% rise in troubled loans
# 23 August 2012 08:04 (UTC +04:00)
The State Statistical Committee told APA that 34.1% of the loan fell on share of state organizations, 63.35 – private banks, 2.6% - non-banking credit organizations.

AZN 7,805.0 mln of the loans were long-term, AZN 3,029.8 mln – short-term, AZN 706.7 mln – overdue credits.

Compared to last year, the volume of long-term loans grew by 30.3%, short-term loans – 2.1%, overdue credits – 26.7%.
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