Elman Rustamov: "No problem observed in implementation of banks’ obligations"

Elman Rustamov: "No problem observed in implementation of banks’ obligations"
  • Clock-gray 12:05
  • calendar-gray 13 May 2020

“The positive trends are being observed in the financial sector. The credit portfolio increased by 1.9% during the initial 4 months. And the main source of this growth is the business credits”, said Elman Rustamov, chairman of the Central Bank of Azerbaijan (CBA), “APA-Economics” reports.

He said 4.1% growth has occurred in business credits, and 5.2% growth – in mortgage credits, while the consumption credits have decreased by 4.1%.

“The new credits worth AZN 4.1 bln. have been issued by banks. The banking sector actively participates in financing of the real sector. The liquid funds exceeding AZN 8 bln. are available, no problem is observed in implementation of banks’ obligations. The banks fulfill their obligations timely. The payment system is stable”, E. Rustamov noted.

Narmin Rahimova

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