Azerbaijan sees rise in troubled loans

Azerbaijan sees rise in troubled loans
# 13 June 2016 09:48 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of May 1, 2016, the overdue credits in the provision of crediting in Azerbaijan stood at AZN 1,381,300,000, up AZN 124.7 mln or 9.92% from a year ago.

In April the troubled loans rose AZN 54.8 mln or 4.31%.

During the reporting period, loans in foreign currency made AZN 9,723,100,000, of which AZN 726.2 mln or 7.47% made overdue credits. Loans in foreign currency amounted to AZN 9,035,600,000, of which AZN 655.1 or 7.25% made overdue credits. Share of manat overdue credits in total troubled loans made 52.57%, foreign currency – 47.43%.

Share of overdue credit in provision of crediting makes 7%.

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