Bank Of Baku

Azerbaijan-based banks see 20% growth in provision of crediting

Azerbaijan-based banks see 20% growth in provision of crediting
# 05 September 2014 14:37 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of August 1, 2014, Azerbaijan-based banks’ provision of crediting made AZN 17,034.0 mln, up AZN 2,834.7 mln or 19.96% from previous year, AZN 1,549.4 mln or 10% compared to January, 2014.

 

Household loans made AZN 6,986.1 mln or 41%, up AZN 1,558.7 mln or 28.7% by contrast to a year earlier.

 

Overdue credits increased by AZN 123.5 mln or 15.9% to AZN 900.1 mln. Its share slipped from 5.5% to 5.3%.

 

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