Bank Of Baku

Provision of crediting in Azerbaijan’s economy increases by 20%

Provision of crediting in Azerbaijan’s economy increases by 20%
# 22 September 2014 08:20 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of August 1, 2014, the loans used in Azerbaijan’s economy made AZN 17 bln, up 20% from previous year.

 

According to the State Statistical Committee, 34.7% of provision of crediting came from state, 62.4% from private banks, 2.9% from non-banking organizations. 79.1% of loans were given for long-term, 5.3% are overdue credits.

 

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