Consumer loans are still high in bank loans in Azerbaijan

Consumer loans are still high in bank loans in Azerbaijan
# 05 December 2008 09:08 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of November 1, Azerbaijan-based banks lent AZN 6 697.5 million in total, up 65.4% on a year ago and up 43.1% on early this year.
The total loan portfolio grew 1.4% or AZN 92.8 million during October while average monthly growth in lending was AZN 201.6 million this year, said the National Bank of Azerbaijan.
The amount of loans lent to individuals rose 58.1%, year-on-year, to AZN 2 364.8 million while there was a 2.8% or AZN 68.5 million decline in consumer lending.
The loans borrowed by individuals accounted for 35.3% of the total lending.
#
#

THE OPERATION IS BEING PERFORMED