Azerbaijan-based banks see 28% rise in provision of crediting

Azerbaijan-based banks see 28% rise in provision of crediting
# 10 April 2014 15:45 (UTC +04:00)

Baku. Ilkin Ahmadov – APA-Economics. As of March 1, 2014, Azerbaijan-based banks’ provision of crediting made AZN 15,667.9 mln, up AZN 3,460 mln or 28.3%.

In May, provision of crediting soared AZN 131.6 mln or 0.8%.

Household loans made AZN 6,431.4 mln or 41%, up AZN 1,862.5 mln or 40.8% compared to a year earlier.

Overdue credits increased by AZN 70.6 mln or 9.3% to AZN 831.6 mln. Its share slipped from 6.2% to 5.3%.

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