Bank Of Baku

Azerbaijan gets 12% decline in consumer lending

Azerbaijan gets 12% decline in consumer lending
# 13 June 2016 10:08 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of May 1, 2016, Azerbaijan-based credit organizations’ provision of crediting made AZN 18,758,700,000, down 8.92% or AZN 1,836,800,000 in comparison with a year ago, Central Bank of Azerbaijan told APA-Economics. 

 

As always, household loans made AZN 7,185.4 mln or 38.3%. Consumer lending dropped AZN 1,012.3 mln or 12.35% year-on-year.

 

15.2% fell to share of construction and property, 14.3% - trade and services, 8.1% to transport and communication, 6.4% to industry and production, 2.3% to agriculture and processing, 1.6% to energy, chemistry and natural resources.

 

 

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