Lending in banking sector increases by 3% in Azerbaijan

Lending in banking sector increases by 3% in Azerbaijan
# 18 October 2012 13:15 (UTC +04:00)
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.
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