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Azerbaijan-based banks sharply decrease number of car loans -ANALYSIS

26 September 2014 10:57 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Azerbaijan-based banks sharply decreased number of car loans in January-June.

According to report of 22 banks, APA-Economics provides ranking of Azerbaijan-based bank organizations for car loans.

In the 6 months of 2014, 12 banks reduced car loans, 7 banks increased.

According to the second quarter of 2013, Gunaybank decrease car loans by 96.07% to AZN 3,150 from AZN 80,230.

Demirbank decreased car loan by AZN 8,369,000 to AZN 9,177,000 from AZN 17,546,000. Bank Standard’s car loans decreased by AZN 5,522,000, Expressbank by AZN 2,836,000, Atrabank by AZN 1,823,000.

Table -1

Banks		2^nd quarter, 2014	2^nd quarter, 2013
1	Demirbank	9,177.18	17, 546.47
2	Bank Standard	37,317.27	42,839.53
3	Exspressbank	6,231.27	9,068.00
4	Atrabank	3,988.52	5,812.39

In contrast to these, Rabitabank’s car loans rose 3.7 times. Azer-Turk Bank saw 100%-growth. Bank Technique increased car loans by 90%.

Table-2

Banks		Car loans (mln. AZN)	Compared to the 2^nd quarter, 2013 (%)
1	RabitaBank	4,874.2	274,02
2	Azer-Turk Bank	2,913.19	100,76
3	Bank Technique	11,927.42	90,03

Bank VTB (Azerbaijan) increased car loans by AZN 19,678,000. Moreover, Bank Nikoil increased by AZN 10,322,000, Bank Technique – by AZN 5,650,000.

Table-3

Banks		2^nd quarter, 2014	2^nd quarter, 2013
1	Bank VTB (Azerbaijan)	67,247.66	47,569.36
2	Bank Nikoil	73,233.61	62,911.04
3	Bank Technique	11,927.42	6,276.48

Most of car loans were given by Bank Nikoil (AZN 73,233,000) . Bank VTB (Azerbaijan) ranked second with AZN 67,248,000.

Table-4

Banks		Car loans (mln. AZN)
1	Bank Nikoil	73,233.61
2	Bank VTB (Azerbaijan)	67,247.66
3	Bank Standard	37,317.27
4	Bank BTB	20,307.10
5	YapiKredi Bank Azerbaijan	18,593.78
6	AGBank	13,091.44
7	Bank Technique	11,927.42
8	Demirbank	9,177.18
9	Exspressbank	6,231.27
10	RabitaBank	4,874.2
11	TuranBank	4,289.85
12	Atrabank	3,988.52
13	Azer-Turk Bank	2,913.19
14	AccessBank	2,322.36
15	AFB Bank	2,088.16
16	Parabank	1,813
17	DekaBank	1,191.94
18	Kredobank	0,220.45
19	Kavkaz Development Bank	0,86.1
20	Azerbaijan Credit Bank	0,47.75
21	Gunay Bank	0,3.15
22	Ganjabank	0