Expert: Lending in banking system gradually expands


June 21, Fineko/abc.az. The gradual decline of the pandemic, coronavirus infection creates revival in the economy as a whole.

ABC.AZ reports that expert economist Ekrem Hasanov stated bout this when commenting on the general situation in the banking sector of Azerbaijan.

He noted that the decline in the pandemic also leads to gradual expansion of lending in the banking system:

"On the one hand, banks are still starting to make a profit. But at the same time, banks' problem loans are still growing. This is also linked with decline in the incomes of consumers, businesses, and entrepreneurs during the pandemic. In any case, we are not yet back in the pre-pandemic period."

By Elmir Murad