Share of problem loans in Azerbaijan increased almost up to 15%

16:51 - 17.10.2017


Azerbaijani population’s income increased for Jan-Sept of 2017.

The State Statistics Committee reports that population’s income grew by 8% up to AZN 36.247 bn for the past 9 months.

"According to Central Bank of Azerbaijan’s data, as of 1 September loan portfolio of domestic banks and non-bank credit institutions amounted to AZN 12.376 bn in monetary terms, including AZN 10.02 bn of long-term loans. Compared to reported term, bad loans made up 14.7% of the total loan portfolio," the Committee said.

The amount of retail deposits in monetary terms by 1 September amounted to AZN 6.895 bn. In September the average rate of national currency to the US dollar reached an average of 1.70 manat (AZN 1.73 since early year), to one euro - AZN 2.03 (AZN 1.92), to 100 rubles - AZN 2.95 (AZN 2.97).

 

 

 

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