Azerbaijan gets 76% rise in loan lending

Azerbaijan gets 76% rise in loan lending
# 19 December 2008 09:33 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As at November 1, loan lending totaled AZN 6.7 billion in Azerbaijan, up 66.1% or AZN 2.7 billion on the same period last year.
The State Statistical Committee said private banks took a 52.6% share in loan lending, leaving 44.8% to the state-owned banks and 2.6% to non-bank lending institutions.
68.9% of loans were long-term loans and 2.1% were overdue.
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