Azerbaijan, Baku, Dec. 14 / Trend N.Ismayilova /
The Central Bank of Azerbaijan (CBA) reported that in the first nine months of 2010 the share of direct state loans taken in private sector of credit and loans, deposits and other investments amounted to 60 percent of total foreign investment. Their total volume was $3.413.7 million, which 1.7 times more than in the same period of 2009.
During the reporting period the loans worth 20.9 percent ($499.1 million) have been drawn under state guarantee. The volume of unsecured loans amounted to $1.887.6 million (79.1 percent). Of them, $358.4 million account for funds borrowed from international financial institutions to finance in the international oil and gas contracts.
About $1336.2 million of unsecured loans account for the proportion of banks and $193 million joint business and companies.
Some $ 1.408.7 million of the total amount of loans barrowed earlier were returned. 56.5 percent ($796.3 million) of the recovered loans fall on the banking system, 11.4 percent ($160.2 million) - the state and under the state guarantees, 16.1 percent ($226.3 million) - oil and gas sector and 16 percent ($225.9 million) - other companies and firms.