Baku, Azerbaijan, Aug. 15
By Eldar Janashvili – Trend:
As of July 1, 2019, the volume of credit investments of private banks in the Azerbaijani economy has amounted to 10.96 billion manats, Trend reports referring to Central Bank of Azerbaijan (CBA).
Their volume increased by 4.1 percent during the first half of the year, and by 19.9 percent on an annualized basis. The share of credit investments by private banks amounted to 81.3 percent, having increased by 0.4 percent since the beginning of the year.
The volume of credit investments of state banks in the country's economy amounted to 2.18 billion manats. Their volume has increased by 4 percent since the beginning of the year, and by 11 percent on an annualized basis. The share of credit investments by private banks amounted to 16.2 percent, having increased by 0.2 percent since the beginning of the year.
The volume of credit investments of non-bank credit organizations (NBCO) amounted to 336.6 million manats (a decline of 14.4 percent over the year). Their share in the total volume of credit investments is 2.5 percent (a reduction of 0.7 percent over the year).
In total, the volume of credit investments in the economy of Azerbaijan makes up 13.482 billion manats. This amount has increased by 3.5 percent since the beginning of the year, and by 11.3 percent over the year.
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