Lending up nearly 5%
Loan allocations in the Azerbaijani economy exceeded
6.463 billion manats ($8.07 billion) in the first half of 2009, or
4.8% over the same period of 2008, according to the Central
Bank.
Overdue loans accounted for 242.8 million manats ($303.5 million) of the amount.
About $2.648bn, or 32.8% of the total bulk of allocations, was made up by short-term credits, while $5.43bn (67.2%) - by long-term ones in the first half-year. 6% of the short-term loans and 2.6% of the long-term ones were overdue.
State banks invested 2.555bn manats ($3.193bn), or 39.5% of the overall volume of lending, in the economy, while private banks loaned 3.732bn manats ($4.665bn), or 57.7%. Non-bank credit institutions invested the remaining 176.1m manats ($220m), or 2.8%.
Banks operating with a share of foreign capital channeled some $2.43bn into the economy, or 30.1% of the total amount of the allocated loans, while fully foreign-owned banks allotted $430m, or 5.3%.
Approximately 3.469bn manats ($4.337bn), or 53.7%, were allocated in manats, while loans worth $3.742bn (the remaining 46.3%) - in foreign currencies.
Overdue loans accounted for 242.8 million manats ($303.5 million) of the amount.
About $2.648bn, or 32.8% of the total bulk of allocations, was made up by short-term credits, while $5.43bn (67.2%) - by long-term ones in the first half-year. 6% of the short-term loans and 2.6% of the long-term ones were overdue.
State banks invested 2.555bn manats ($3.193bn), or 39.5% of the overall volume of lending, in the economy, while private banks loaned 3.732bn manats ($4.665bn), or 57.7%. Non-bank credit institutions invested the remaining 176.1m manats ($220m), or 2.8%.
Banks operating with a share of foreign capital channeled some $2.43bn into the economy, or 30.1% of the total amount of the allocated loans, while fully foreign-owned banks allotted $430m, or 5.3%.
Approximately 3.469bn manats ($4.337bn), or 53.7%, were allocated in manats, while loans worth $3.742bn (the remaining 46.3%) - in foreign currencies.
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