Volume of credit investments in Azerbaijan grows 80% through the past year

The press service for the National Bank of Azerbaijan told Day.Az that as compared to August this indicator has grown by 1.5% and as compared to September of 2007 by 80.7%.

Of this amount AZN 122,900,000 of credit investments fell on the defaulted loan. Short-term loans made AZN 1,979,800,000 (30.7%) and long-term loans made AZN 4,475,200,000 (69.3%).

Through the reported period the state banks extended loans of AZN 2,800,600,000 (43.4%) to the economy, private banks issued AZN 3,494,600,000 (54.1%), non-banking credit organizations - AZN 159,800,000 (2.5%).

The banks, created with participation of foreign capital, invested AZN 1,980,300,000 to the country's economy. This indicator is 30.7% of the overall volume of loans.

Banks with 100% foreign capital invested AZN 315,600,000 (4.9%). AZN 3,526,200,000 or 54.6% of credit investments were made in national currency and AZN 2,928,800,000 or 45.4% in foreign currency.

/Day.Az/