Bank Of Baku

Azerbaijan-based banks see decline in provision of credit

 Azerbaijan-based banks see decline in provision of credit
# 05 July 2013 12:39 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, Azerbaijan-based banks’ provision of credit made AZN 13,406.3 mln, up AZN 2,794.8 mln or 26.3%.

 

In January-May, 2013, provision of credit rose AZN 685.8 mln or 5.4%, in May it dropped AZN 115.8 mln or 0.9%. 

 

Household loans made AZN 5,088.7 mln or 38.0%.

 

Overdue credits increased by AZN 48.6 mln or 6.8% to AZN 768.7 mln. It share slipped 1.1 percentage point or 16.2% to 5.7%.

 

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