Baku, Azerbaijan, Jan. 18
By Azad Hasanli – Trend:
As of early December 2017, the Azerbaijani credit organizations’ loans totaled almost 12.23 billion manats, which is by 0.6 percent more as compared to early November 2017, the report of the Azerbaijani Central Bank (CBA) said.
The volume of loans, issued by the Azerbaijani credit organizations, on the contrary, decreased by nearly 25 percent for the year, said the report.
Loans in Azerbaijan’s national currency, the manat, prevail in the structure of the issued loans.
Some 59.37 percent (7.26 billion manats) of all loans account for those loans. Their volume decreased by nearly 15.6 percent during the year. Foreign currency loans account for 40.63 percent or 4.9 billion manats. Their volume decreased by 35.3 percent as compared to November 2016.
In general, the total volume of overdue loans in Azerbaijan reached 1.89 billion manats. Their share in the loan portfolio of the country’s banks and non-banking credit organizations as of November 2017 reached 15.46 percent.
In November 2017, the volume of overdue loans in Azerbaijani national currency reached 971.4 million manats, which is by 52.3 percent more as compared to the same period of 2016.
In November 2017, overdue loans in foreign currency amounted to 918.9 million manats, which is by 14.22 percent more as compared to the same period of 2016.