Banks more than 40% of the loans granted to households

Loan investments of banks and non-bank credit agencies (NBCA) in Azerbaijan's economy by May 1 totaled 16 billion 245.4 million (+ 5.3% compared to January 1).

According to the report of the Central Bank of the country, the volume of overdue credit investments in the first four months totaled 895.6 million (13%) or 5.5% of total loans.

Government financial institutions (regardless of the percentage share of government) gave borrowers 5 billion 534.4 million manat loans (4.4%) or 34.1% of total loans, private banks - 10 billion 241.2 million (5.7%) or 63% of total loans. Other loans befell NBCA.

In national currency, banks issued 11 billion 759.8 million manat of loans (+6.2%), in foreign currency - 4 billion 485.6 million (3.2% growth). In the structure of credit investments the first place was traditionally occupied by households - 6 billion 610.9 million (40.7% of total loans). The share of trade and services was 2 billion 322.4 million (14.3% of total loans), on energy, chemicals and natural resources - 259 million (1.6%), agriculture and processing - 750 5 million (4.6%). For the construction and real estate there was allocated 2 billion 127 million manats (13.1%), industry and manufacturing sector - 1 billion 908 million manats (11.7%), transport and communications - 586.3 million manat (3.6%), and the rest was other spheres. -17D-