Bank Of Baku

Azerbaijan-based banks gets 29% rise in loan portfolio

 Azerbaijan-based banks gets 29% rise in loan portfolio
# 01 June 2013 10:10 (UTC +04:00)

 

Baku. Ali Ahmadov – APA-Economics. Azerbaijan-based banks’ loan portfolio rose 29.2% year-on-year.

 

Central Bank of Azerbaijan says as of May 1, the loan portfolio made AZN 13,522.1 mln, up AZN 3.59 bln or AZN 29.2% from previous year.

 

Along with the loan portfolio, troubled credits stood at AZN 754.7 mln, up AZN 35.3 mln or 4.9% in comparison to a year earlier. Its share in loan portfolio dropped to 5.6%. 

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