Share of bad loans in Azerbaijan makes up 15.5%


January 23, Fineko/abc.az. The overall loan portfolio of banks and non-bank credit organizations in Azerbaijan totaled AZN 12.226 bn in manat equivalent by 1 December 2017.

The State Statistics Committee reports that 9.87 bn of them are long-term loans.

"The share of problem loans in the total portfolio makes up 15.5%," the Committee said.

According to the Committee, amount of retail deposits in manat equivalent totaled AZN 7.37 bn by 1 December 2017. The average rate of the manat to the US dollar for Jan-Nov 2017 amounted to AZN 1.70 (in early 2017 - AZN 1.72), to the euro – AZN 2.01 manat (AZN 1.94), 100 rubles – AZN 2.90 (AZN 2.95).