Abdullayev says the retail sector has high equity in banking sector and growth in this sphere creates certain dangers for economy. Therefore, the CBA works on preparation of relevant normative and indexes for limitation of consumer lending. For now, the CBA conducts works with the banks individually and calls them for limitation in consumer lending.
Abdullayev noted that it’s normal that banks show interest to consumer lending, because of as a result of diversification of loan portfolio among the debtors the risks are lower, profitability – higher.
Note that consumer lending serves to meeting of consumer demands, but its higher imbalances the consumer market and negative cases such as price rise occur.
Share of consumer lending in banks’ total loan portfolio reached 34%. CBA aims to reduce this figure.