Decline reported for April on banking sector credit investments


June 1, Fineko/ The volume of credit investments in the banking sector in April 2020 has been announced.

ABC.AZ reports with reference to the Central Bank that credit investments decreased by AZN 490.5 million for the reported term.

Credit investments, which amounted to AZN 15.232 bn in early April, decreased to AZN 14.742 bn by 1 May. For comparison, credit investments fell by AZN 158.7 million against the beginning of the year.

The Central Bank links the decline in credit investments with the banks whose licenses were revoked in April.