Amount of overdue loans unveiled - more than AZN 1 bn

14:07 - 30.12.2019


December 30, Fineko/abc.az. As of 1 November the credit portfolio of banks and other credit institutions of Azerbaijan in the national currency amounted to AZN 14.445 bn.

ABC.AZ reports that according to the State Statistics Committee, long-term loans account for 11.758 bn or 81.4% of the total loan portfolio. 97.4% of loans were given by banks, and 2.6% by non-bank credit organizations and credit unions.

The amount of overdue loans amounted to AZN 1.38 bn and made up 9.6% of the total loan portfolio.

By Elmir Murad