Bank Of Baku

Azeri banks mainly focus on lending non-production sector

Azeri banks mainly focus on lending non-production sector
# 08 September 2008 13:39 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. Consumer loans account for 35.6% of loans lent by Azerbaijan’s banks. The National Bank of Azerbaijan (NBA) told APA-Economics that the bank lending can be viewed as lending in non-production sector because trade and service is the second segment (24.3%) in bank lending.
Only 6% of loans were lent to industry and production sectors.
At the same lending industry and the production of banks have sent only 6% of all loans:




Loans lent to consumption, trade and services accounted for 60.7% of the total lending as of January 1.
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