Loans given by Azerbaijan-based banks rise 28% year-on-year

Loans given by Azerbaijan-based banks rise 28% year-on-year
# 15 August 2013 14:15 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. As of July 1, 2013, the amount of loans given by Azerbaijan-based banks and used in economy has reached AZN 13.8 bn, up 28.3% from a year earlier.

The State Statistical Committee says 34.5% of lending was realized by state, 62.9% - private banks, 2.6% - non-banking credit organizations. 76.55 of loans were long-term, 5.7% - overdue.

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