Azerbaijan, Baku, 12 September / Trend corr. U.Ismayilova /"National Bank of Azerbaijan (NBA) advises local banks to refrain from consumer loan portfolio increasing," Elman Rustamov, Managing Chairman of NBA, said on 12 September.
"Despite banks are free in loan issuing, the state policy demands banks to be careful on the issue," Rustamov said.
NBA advises to be careful with consumer loans. Banks must diversify their portfolio and increase real sector crediting in the country.
"NBA jointly with the Finance Ministry is working out proposals, which will enable to increase capitalization and implement more serious activity in real sector," Rustamov said.
There are 45 operating banks in Azerbaijan.
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