Azerbaijani banks increase lending

By Trend
Azerbaijani banks issued loans worth 12.6 billion manats in February 2019, which is 13.3 percent more than in the same period last year, Trend reports with reference to the Financial Market Supervisory Authority of Azerbaijan (FIMSA).
Since the beginning of the year, this figure hasn’t changed much, and increased by 0.7 percent for the month.
During the reporting period, banks created reserves to cover possible losses on loans issued totaling 1.5 billion manats.
The volume of loans issued to financial institutions (including banks) amounted to 250.9 million manats.
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