BAKU, Azerbaijan, Jan. 8
By Eldar Janashvili - Trend:
The volume of problem loans in Azerbaijan dropped by 16.5 percent (278.3 million manat, or $163.7 million) in November 2019 in comparison with the same period last year, Trend reports Jan. 8 referring to the Azerbaijani Central Bank (CBA).
The volume of problem loans in November 2019 reached 1.4 billion manat ($829.4 million).
The total loan portfolio of the banking sector and non-bank credit organizations (NBCOs) increased by 20.3 percent, amounting to 15.1 billion manat ($8.8 billion).
The share of state banks in issued loans amounted to 2.5 billion manat ($1.4 billion, or 16.6 percent of the total portfolio), the share of private banks – 12.2 billion manat ($7.1 billion, or 80.9 percent), NBCOs - 370.9 million manat ($218.6 million, or 2.5 percent).
The volume of loans in national currency in November 2019 amounted to 9.8 billion manat ($5.7 billion, or an increase of 24.2 percent compared to November 2018), and their share in the loan portfolio of banks was 64 percent.
Loans worth 5.3 billion manat ($3.1 billion) were issued in foreign currency (an increase of 5.3 percent compared to November 2018), with a specific weight of 35 percent.
The volume of short-term loans in local currency amounted to 1.6 billion manat ($989.9 million) and in foreign currency – 1.3 billion manat ($794.1 million).
The volume of long-term loans in local currency amounted to 8.1 million manat ($4.7 million) and in foreign currency – 3.9 million manat ($2.3 million).
($1 = 1.7 manat on Jan. 8)
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