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Loan lending grew by 53% in Azerbaijan

Loan lending grew by 53% in Azerbaijan

19 February 2009 16:57 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. As of January 1, the total loan lending by Azerbaijan-based banks stood at AZN 7 163.3 million, up 53% on a year ago, said the State Statistical Committee.
Of this, 42.3% was lent by state-owned banks, 55.3% by private banks and 2.4% by non-bank lending institutions.
Long-term loans grew by 60.5% to AZN 4 867.4 million, accounting for 67.9% of the total lending.
The overdue loans reached AZN 159.8 million, making 2.2% of the loans lent.

Loan lending:

	01.01.2009, AZN million	As against the same period 2008
Loan lending – Total	7 163,3	153,0
Including:
- short-term	2 295,9	139,2
- long-term	4 867,4	160,5
Overdue loans	159,8	159,3
Overdue loan share in lending	2,2	-

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