Azeri banks increase lending to economy by over 18 percent
Azerbaijani banks increased lending to the country's economy by 8.8 percent during the first eight months of this year and by 18.7 percent compared to the same period of last year, the central bank's report said on Friday.
According to the Central Bank of Azerbaijan, as of early September, the banks allocated loans totaling 11.157.8 billion manat.
As of the beginning of the year, the figure was equal to 9.950.3 billion manat, and as of September 1, 2011 - 9.528.4 billion manat.
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