Bank Of Baku

Bank crediting rises 20% in Azerbaijan

Bank crediting rises 20% in Azerbaijan
# 28 December 2012 12:44 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. As of November 1, 2012, the volume of lending by Azerbaijan-based commercial banks made AZN 11,743.5 mln, up AZN 1,967.3 mln or 20.1% compared to last year.

 

CBA told APA-Economics that the growth on loans during October made AZN 262.7 mln or 2.3%.

 

As of November 1, overdue credits made AZN 763.7 mln, which is equal 6.5% of total portfolio.

 

The main place in loan portfolio fell to share of loan given to household (35.2%). 

 

 

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