USD 1.7

Baku 24 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Long-term lending double in Azerbaijan in the past year

Long-term lending double in Azerbaijan in the past year

07 November 2008 10:48 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of October 1, the total amount of loans lent by Azerbaijan-based banks reached AZN 6 605 million, up 75.2% on a year earlier and up 41.1% on early this year.
The National Bank of Azerbaijan said the growth was 2.3% or AZN 150 million in lending in September.
The loan portfolio grew by AZN 205.3 million on average a month in the past period of this year.
Loans lent to individuals grew by 72.3% to AZN 2 433.3 million.
Loans lent to non-real economy, (trade and service sector and households as consumer loans) accounted for 62.1% of the lending.

The lending growth rate is very high.

The amount of short-term loans rose 38.1% while long-term loans increased 99% during the past 12 months.
The long-term loans accounted for 69.1% of the lending.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED