Lending in banking sector increases by 3% in Azerbaijan

Baku. Ali Ahmadov - APA-Economics. In August of 2012, total loan portfolio of banking organizations operating in Azerbaijan made AZN 11,157.8 mln by rising AZN 331.4 mln or 3.1%.
According to the Central Bank of Azerbaijan, in August, trade and service sector grew by AZN 57.4 mln or 17.3%, energy and chemical sector – AZN 117.3 mln or 35.4%, agriculture and processing – AZN 10.8 mln or 3.3%, transport and communication sector – AZN 23.2 mln or 7%, consumer loans given to population – AZN 108.4 mln or 32.7%. Nevertheless, the volume of loans given to industry and production decreased by AZN 16.1 mln.
According to the Central Bank of Azerbaijan, in August, trade and service sector grew by AZN 57.4 mln or 17.3%, energy and chemical sector – AZN 117.3 mln or 35.4%, agriculture and processing – AZN 10.8 mln or 3.3%, transport and communication sector – AZN 23.2 mln or 7%, consumer loans given to population – AZN 108.4 mln or 32.7%. Nevertheless, the volume of loans given to industry and production decreased by AZN 16.1 mln.
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