Bank Of Baku

Azerbaijan sees 29% rise in bank crediting

Azerbaijan sees 29% rise in bank crediting
# 05 June 2013 11:59 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of May 1, 2013, Azerbaijan-based banks’ provision of crediting stood at AZN 13,522.1 mln, up 3,058.8.1 mln or 29.2% from year earlier.

 

Central Bank of Azerbaijan told APA-Economics that provision of crediting of the banks increased by AZN 801.6 mln or 6.3% in January-April, 2013.

 

Household loans made AZN 4,913.7 mln or 36.3% of loan portfolio.  

 

Overdue credits increased by AZN 35.3 mln or 4.9% to AZN 754.7 mln. But its share dropped 1.3 percentage points or 18.8% to 5.6%.

 

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