Long-term loans increased during the year by more than a quarter

Residual lending to the economy increased in November 2012 298.9 million or 2.5% to 12,042.4 mln.

According to the Central Bank of Azerbaijan, increased lending in the past 12 months was 2189.6 million or 22.2%. The share of overdue loans in the total value exceeded on 1 December this year 6.3% against 6.5% a year earlier.

Short-term loans for the year grew by 455 million or 15%, while the long-term - increased by 1734.4 million or 25.7%. The residue was last equaled 8493.3 million manat. The share of long-term debt amounted to 70.5% (against 68.6% a year earlier). The share of private banks in total credit portfolio reached 64.1%, the share of the country's largest International Bank of Azerbaijan was 33,2%, and the remaining 2.7% was contributed by non-bank credit organizations

In the real economy from the banks granted 98.9% of all loans in the financial sector - 1.4%. As of December 1, 2012, individuals granted loans amounting to 4245.1 million or 35.3% of the total, in the sphere of trade and services - 2866.6 million or 23.8%, in the energy sector and natural resource - 406.2 million or 3.4%, in construction and property - 1147.7 million or 9.5%, in industry and production - 872.2 million or 7.2% in the transport and communications - 603 million or 5%, in agriculture and processing - 541.9 million or 4.5%, etc.

The share of foreign currency loans was 31.7%. The corresponding date last year, the share of foreign currency lending to the economy amounted to 36.3%.

According to the regional structure of credit investments of 84.8 percent is the share of Baku. The capital also has 84.5 percent of overdue. The average lending rate for the country in November amounted to 15.4%. - 15B-