Bank Of Baku

National Bank of Azerbaijan: Banks didn’t stop lending

National Bank of Azerbaijan: Banks didn’t stop lending
# 25 November 2008 16:11 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. Azerbaijan-based banks continue to lend loans, said Rashad Orujov, the National Bank of Azerbaijan’s officer for lending institutions.
He added that the banks lent loans of AZN 400 million in total to 48 000 people since November 1.
Of this, consumer loans accounted for AZN 96 million of loans.
He refuted the information that the lending process in the country was suspended for various reasons, including the global financial crisis and the deteriorating financial positions of banks in Azerbaijan.
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