Azerbaijan-based banks see rise in overdue credits

Azerbaijan-based banks see rise in overdue credits
# 05 January 2015 11:51 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of December 1, 2014, the provision of crediting by Azerbaijan-based credit organizations made AZN 18,151.9 mln, up 19.07% or AZN 2,906.6 mln from 2013.

Central Bank of Azerbaijan says a large part of provision of crediting fell to share of consumption loans. So, the household loans raised AZN 1,492.9 mln or 24.74% to AZN 7,528.1 mln or 41.5% of total loans.

Overdue credits made AZN 981.5 mln, up AZN 186.5 mln or 23.46% by contrast to a year earlier. These credits rose AZN 38.1 mln or 4.03% month-on-month.

At the same time, the overdue credits fell AZN 29.8 mln month-on-month.

Share of overdue credits in total provision of crediting makes 5.4%.

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