Azerbaijani banking sector's foreign debts exceed $140 mln
Azerbaijan, Baku, June 16 / Trend N. Ismayilova /
According to the payment balance of published by the Central Bank of Azerbaijan (CBA), in the first quarter of 2011 the share of direct state and unsecured loans, loans and borrowings attracted in private sector, deposits and other investments amounted to 51.9 percent of total foreign investments.
Total amount of investments hit $884.9 million, or 23.8 percent less than the same period of 2010.
Some 60 percent ($447.3 million) were drawn directly by the state and under state guarantee. Some $298.3 (40 percent) accounts for unsecured loans.
Some $141.7 million of unsecured loans account for banks, $1.1 million - oil and gas sector and $155.5 million - other enterprises and companies.
Some $199.9 million of the total amount of loans attracted earlier were repaid. Some 58.2 percent ($116.4 million) repaid loans account for the banking system, 18.2 percent ($36.4 million) - state loans and loans drawn under the state guarantees, 2.3 percent ($4.6 million) - oil and gas sector, 21.3 percent ($42.5 million) - other enterprises and companies.