Azerbaijan, Baku, 7 November / Trend , corr. N.Ismailova /A range of Azerbaijani banks resumed the issue of consumer lending, while other banks are expected to resume lending in the next year.
RabitaBank resumed the issue of consumer lending this week. "Clients can receive the necessary amount of sum if warrantor is available," a source from bank reported.
Bank Nikoil issuing consumer lending with the sum over AZN 3,000, the requirement document is the availability of property security. The bank also issues business loans. Bank will resume small consumer lending after a week.
ASBank will restore consumer lending dating 15 November, a source said in the bank. Now bank issues only business loans.
Atabank and Amrahbank said that the banks would restore lending in December.
AzerTurkBank said that bank issue loans to certain clients with whom the bank started working before, as well as those clients who work in state organizations. AzerTurkBank does not issue loans to citizens working in private institutions.
Xalq Bank reported that bank would resume issuing loans in mid-December.
Mugan Bank and Parabank told that they could not specify
time to recovery consumer lending; now banks issued only business loans.
Bank Respublika postponed the resumption of loan until January. Earlier, the bank reported its intention to commence the issue consumer lending in November.
Atra Bank said that it did not suspend the issue of loans, but now consumer loans granted for a limited amount - less than AZN1,500 if a warrantor is available.
NBC Bank reported that is continuing to issue loans for buying cars in the company Nurgun Motors, the issue of the remaining loans while suspended.
Now, Bank of Baku issues consumer loans only and money lending has not been resumed yet.
AzeriGazBank said that the bank "did not suspend the issue
of small loans practically" and now continues to operate in its previous
regime.
Ganja Bank, which is located in the Ganja City, suspended the issue of all
types of loans. The bank said that is could not specify the date of the
resumption of lending.
The branch of the Turkish Yapi Kredi Bank in Baku issues consumer loans to clients whose salaries of more than AZN 400. A warrantor is needed to obtain a loan of up to AZN1,500 and two warrantors to obtain the sum up to AZN 3,000. A real property is required to pledge to obtain up to AZN 3,000.
Other banks - Azerdemiryolbank, United Credit Bank and Zamin Bank said that the issue of loans still have been frozen. Banks fail to set date to resume lending..
Kapital Bank resumed issuing of consumer lending since the
beginning of October.
Royal Bank of Baku began to issue loans to buy goods in
stores in bank's partner in October. Other types of credit have not been
restored in the bank.
Bank Standard and UniBank restored consumer lending in October.
On 7 November, the official currency rate is 0,808.6 AZN/USD.
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