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Central Bank announces volume of troubled loans

Central Bank announces volume of troubled loans

08 January 2016 16:10 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of December 1, 2015, provision of crediting by Azerbaijan-based credit organizations stood at AZN 18,744.3 mln, up AZN 592.4 mln or 3.26% from 2014.

Compared to November 1, the loans allocated by credit organizations rose AZN 177.9 mln or 0.96%.

Overdue credits in provision of crediting amounted to AZN 1,229.6 mln, up AZN 248.1 mln or 25.28%. The troubled loans fell AZN 72.3 mln or 5.55% in November.

Share of overdue credit in provision of crediting makes 6.6%.

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