Bank Of Baku

Azerbaijan sees 12% rise in credits given to construction sector

 Azerbaijan sees 12% rise in credits given to construction sector
# 01 June 2013 10:19 (UTC +04:00)

 

Baku. Ali Ahmadov – APA-Economics. As of May 1, Azerbaijan-based banks’ loan portfolio stood at AZN 568.3 mln, up 4.4% from a year earlier, Central Bank of Azerbaijan told APA.

 

CBA says the loan portfolio was mainly formed by credits given to construction-property sector. So, the credit given to construction-property sector increased by AZN 209.7 mln or 11.9%, consumer lending – by AZN 192.8 mln or 4.1%, industry and production – by AZN   91.8 mln or 8.1%, transport and communication – by AZN 12.5 mln or 1.5%, trade and service sector – by AZN 17.6 mln or 0.8%, agriculture dropped AZN 4 mln or 0.7%. 

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