Bank Of Baku

Azerbaijan sees 86% rise in loan lending

Azerbaijan sees 86% rise in loan lending
# 22 September 2008 15:04 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The total amount of loan lending by Azerbaijan-based lending institutions reached AZN 6 361.5 million, up 85.5% or AZN 2.9 million on the same period last year.
The State Statistical Committee said 69.7% of loans were long-term and 1.7% overdue.
The state sector’s share was 44.2%, leaving 53.3% to private banks 2.5% to the non-bank lending institution.
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