Banking sector of Azerbaijan in 2012, cancelled over $ 1.3 billion of external loans
Azerbaijan, Baku, March 30 / Trend I.Khalilova /
By the end of 2012, the share of direct public and state-guaranteed loans, as well as the assets attracted by banks and oil and gas sector of Azerbaijan comprised 50.1 percent of total foreign investments, the payment balance posted on the website of the Central Bank of Azerbaijan (CBA) says.
Last year the total amount of the obtained loans and investments totaled $ 5303.5 million, which is 45.26 percent more than for the same period the year before.
According to the balance of payments, 35.5 percent (1245.5 million dollars) of the loans was attracted directly by the state and under the state guarantee from international financial and other institutions.
The share of unguaranteed loans constitutes $2267.1 million (64.5 percent). $1,556.7 million of the unguaranteed loans were attracted by banks and $710.4 million - by other companies and enterprises.
$2710.3 million of the loans attracted earlier have already been repaid. 48.4 percent ($1312.5 million) of the repaid loans fall on the banking system, 12.2 percent ($330.5 million) - public and state-guaranteed loans, 28.5 percent ($772.3 million) - the oil and gas sector, 10.9 per cent ($295 million) - other companies and enterprises.