Azerbaijan, Baku, March 31 / Trend N. Ismayilova /
The Central Bank of Azerbaijan (CBA) reported that in 2010 the share of direct state loans taken in the private sector of credit and loans, deposits and other investments amounted to 59.7 percent of total foreign investment. Their total volume was $4.966.2 million, 1.8 times more than in 2009.
During the report period the loans worth 14.8 percent ($735.5 million) have been drawn under state guarantee. The volume of unsecured loans amounted to $2.635.3 million (53 percent) and other investments to $1.595 billion.
Some $1.686.6 million of the unsecured loans were attracted by banks, $667.6 million by the oil and gas sector and $281.1 million by other enterprises and companies. Some $2.052 billion of the total amount of loans borrowed earlier were returned. 44.3 percent ($909.9 million) of the recovered loans fall on the banking system, 12.3 percent ($252.2 million) on the state and under state guarantees, 30 percent ($615.9 million) on the oil and gas sector and 13.4 percent ($274.1 million) on other companies and firms.