Bank Of Baku

Azerbaijan gets 19% rise in bank crediting

Azerbaijan gets 19% rise in bank crediting
# 07 November 2012 10:41 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2012, Azerbaijan-based banks’ total loan portfolio stood at AZN 11,480.8 mln, up 1,813.1 mln or 18.5% from year earlier.

Central Bank of Azerbaijan says loan portfolio has increased by AZN 1,530.5 mln or 15.4% since early 2012. In August the growth on loans made AZN 323.0 mln or 2.9%.

As of October 1, the overdue credits stood at AZN 757.9 mln that makes 6.6% of total loan portfolio. Share of overdue credits rose 0.2 percentage point.

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