Bank Of Baku

Overdue credits in Azerbaijan-based banks make 5.5% of total provision of crediting

Overdue credits in Azerbaijan-based banks make 5.5% of total provision of crediting
# 03 November 2014 07:49 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. As of October, 2014, the provision of crediting by credit organizations in Azerbaijan made AZN 17,631.6 mln, up AZN 2,838.3 mln or 19.19% from previous year.

 

A large part of provision of crediting fell to share of consumption loans. So, the household loans raised AZN 1,564.5 mln or 27.50% to AZN 7,253.4 mln or 41.14% of total loans.  

 

Overdue credits made AZN 973.2 mln, up AZN 178.2 mln or 22.42% by contrast to a year earlier. These credits rose AZN 34.4 mln or 3.66% month-on-month.

 

 

Share of overdue credits in total provision of crediting makes 5.5%.

 

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