Loan disbursals up 37%
BAKU - Loan allocations in the Azerbaijani economy increased 37.4%
in January-May 2010 in comparison with the same period of last year
to reach over 8.733 billion manats ($10.916 billion).
Overdue loans accounted for 383.6 million manats ($479.5 million) of the amount, the Central Bank told AssA-Irada.
Short-term credits totaled about $2.931bn, or 26.9% of the allocations, while long-term ones made up $7.985bn (73.1%).
State-run banks provided 46% of the overall volume of lending, while private banks loaned 51.9%. Non-bank credit institutions invested the remaining 2.1% of the amount.
Banks operating with a share of foreign capital channeled some $2.692bn into the economy, or 24.7% of the total amount of the allocated loans, while fully foreign-owned banks allotted $544.1m, or 5%.
Overdue loans accounted for 383.6 million manats ($479.5 million) of the amount, the Central Bank told AssA-Irada.
Short-term credits totaled about $2.931bn, or 26.9% of the allocations, while long-term ones made up $7.985bn (73.1%).
State-run banks provided 46% of the overall volume of lending, while private banks loaned 51.9%. Non-bank credit institutions invested the remaining 2.1% of the amount.
Banks operating with a share of foreign capital channeled some $2.692bn into the economy, or 24.7% of the total amount of the allocated loans, while fully foreign-owned banks allotted $544.1m, or 5%.
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