USD 1.7

Baku 26 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

AZN 500M of guaranteed loans provided by Central Bank to state organizations are overdue

AZN 500M of guaranteed loans provided by Central Bank to state organizations are overdue

24 May 2016 08:29 (UTC +04:00)

According to the chamber, this results in doing payments through other sources of the budget.

The Chamber of Accounts’s analyses revealed that as of the end of the reporting period, rest of targeted loans amounted to AZN 3,769,780,000. Of this, AZN 376,460,000 is overdue credits, AZN 122,850,000 overdue interest. Overdue credits and interest have mainly been observed in Azeraliminium OJSC (AZN 76 mln loan, AZN 18.7 mln interest), Azerenergy OJSC (AZN 29.9 mln loan), Azerbaijan Airlines (AZN 270,470,000 loan, AZN 104,150,000 interests).

All of these increases risk of repayment of state-guaranteed loans through the state budget.

Finance

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

BSTDB Vice President Ziya Aliyev

BSTDB has financed over €9 billion in projects since its establishment – Vice President

BSTDB President Serhat Köksal

BSTDB President: Our more than 20-year partnership with Azerbaijan is built on mutual trust

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED