Azerbaijan-based banks see decline in loan portfolio

Azerbaijan-based banks see decline in loan portfolio
# 12 September 2012 13:08 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. As of August 1, 2012, Azerbaijan-based banks gave AZN 10,826.4 mln, down AZN 8.4 mln or 0.08% compared a month ago.

Note that, this situation was recorded in March, 2011 – the loan portfolio was down by 8.6%.

In July, the credits in trade and service, as well transport and communication sectors dropped. The loans in trade and service sectors slipped AZN 75 mln or 2.6% to AZN 2,816.2 mln, in transport and communication sector dropped 3.9% or AZN 16 mln to 396.9 mln.

Loans for energy, agriculture, construction and property, industry and production sector, as well consumption rose AZN 9.2 mln, AZN 1.2 mln, AZN 21.4 mln, AZN 15.9 mln and AZN 31 mln.
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