Whom and How Much Credit Given until 1 November? (UPDATED)

2014 November 27 (Thursday) 13:40:43

As of November 1, the aggregate amount of overdue loan payments was 943,400,000 manat (+ 19% YTD), or 5.3% of total loans.

According to the data of the Central Bank, the whole credit portfolio of banks and non-bank credit organizations in the country's economy amounts to 17 841 500 000 manat (+ 15.7%), which means a higher rate of delinquency in comparison with the volume of loans issued.

The share of banks with state share in their assets is 34% (6 065.3 million AZN), private banks - 63.1% (11 251 million AZN), the remaining 2.9% are non-bank credit organizations.

In the total loan portfolio the share of AZN is 13 160 700 000 AZN (+ 18.8% YTD), and the share of foreign currency is the equivalent of 4 680 800 000 manat (+ 7.7%). The tendency is to increase the AZN supply and hence the volume of consumer loans.

In the structure of credit investments the greatest niche is occupied by consumer loans issued to households - 41.4% of total loans (7 383 800 000 manat). It is followed by trade and services with 14.2% (2 540 700 000 manat), property - 13.8% or 2 461 600 000 manat, industry and the manufacturing sector - 11.6% or 2 078.3 million manat.

For the development of agriculture there was 4.6%, or 817.7 million manat, for the construction, transport and communications - 569.1 million manat (3.2%), for the development of the energy, chemical and natural resources sector - 220.6 million manat (1.2%), while the rest "trifle" regarded other sectors. --17D-