Loan allocations up nearly 60%
Loans channeled into the Azerbaijani economy
exceeded 6.855 billion manats ($8.462 billion) as of December 1,
2008, or almost 58% in comparison with the same period of 2007.
Also, the figure is 2.4% over the previous month, according to the
National Bank of Azerbaijan (NBA), the country`s central bank.
Credits worth about $180 million were overdue. 69.2% of the amount was allotted in long-term loans, while the remaining 30.8% - in short-term ones.
In January-November 2008, state-run banks lent about $3.7bn, or 43.6% of the total credits, while private banks - $4.553bn (53.8%). The remaining 2.6% of the amount, or some $217m, was allocated by non-bank lenders.
Banks operating with partial foreign capital channeled some $2.365bn worth of loans into the national economy, or 28% of the overall credit allocations, while fully foreign-owned banks disbursed 367.5m (4.3%).
Credits worth about $180 million were overdue. 69.2% of the amount was allotted in long-term loans, while the remaining 30.8% - in short-term ones.
In January-November 2008, state-run banks lent about $3.7bn, or 43.6% of the total credits, while private banks - $4.553bn (53.8%). The remaining 2.6% of the amount, or some $217m, was allocated by non-bank lenders.
Banks operating with partial foreign capital channeled some $2.365bn worth of loans into the national economy, or 28% of the overall credit allocations, while fully foreign-owned banks disbursed 367.5m (4.3%).
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