Baku. Nijat Mustafayev – APA-Economics. As of October 1, 2012, the volume of local credits given by Azerbaijan-based commercial banks and credit organizations to population grew 18.8% to AZN 11.5 bn.
State Statistical Committee told APA that 33.8% of lending was realized by state, 63.5% - private banks, 2.7% - non-banking credit organizations.
During the reporting period, long-term loans made
Compared to last year, long-term lending rose 26.1%, overdue credits grew by 22.2%, and short-term lending soared 3.4%.
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