Bank Of Baku

Troubled loans in Azerbaijan exceed AZN 1 bln

Troubled loans in Azerbaijan exceed AZN 1 bln
# 05 March 2015 07:30 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of February 1, 2015, the provision of crediting by Azerbaijan-based credit organizations made AZN 18,579.8 mln, up AZN 3,095.2 mln or 19.99% from previous year.

 

According to the Central Bank of Azerbaijan, the household loans stood at AZN 7,724.1 mln or 44% of total volume, up AZN 1,416.8 mln or 22.46% from previous year.

 

As of January 1, overdue credits made AZN 1,030.9 mln, up AZN 215.8 mln or 26.48% by contrast to a year earlier.

 

Overdue credits rose AZN 54.6 mln or 5.59% month-on-month.

 

 

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