Azerbaijan sees 28% rise in consumer lending in banking sector

Azerbaijan sees 28% rise in consumer lending in banking sector
# 18 October 2012 10:19 (UTC +04:00)
Baku. Vahab Rzayev – APA-ECONOMICS. As of September 1, 2012, the total volume of consumer loans given to housekeeping by commercial banks operating in Azerbaijan exceeded $ 5 bln, CBA told APA.

As of the end of August, the banks gave AZN 3,942.2 mln-consumer loans, which is equal to $5,021 bn. The amount of consumer loans given to population within the past year grew by AZN 851.4 mln or 27.5%.

At present time, the amount of per head consumer loans in the country makes AZN 426 or $540.
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