Bank Of Baku

Troubled loans exceed AZN 1.2 bln in Azerbaijan

Troubled loans exceed AZN 1.2 bln in Azerbaijan
# 13 February 2015 10:58 (UTC +04:00)

Baku - APA-Economics. As of January 1, 2015, AZN 18.5 bln has been given to the legal entities and individuals, up 20.2% from previous year, APA-Economics reports quoting State Statistical Committee.

 

33.1% (AZN 6,123,500,000) of loans ere given by state, 64% (AZN 11.840 bln) by private banks and 2.9% (AZN 536.5 mln) by NBOCs.

 

78.8% of these credits were long-term, 5.3% - overdue credits. This means that the troubled loans in Azerbaijan make AZN 980.5 mln or $1.250 mln.

 

 

 

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