S&P: Azerbaijani banks' claims on economy to increase this year

S&P: Azerbaijani banks
# 05 August 2020 10:57 (UTC +04:00)

The S&P Global rating agency predicts that the ratio of Azerbaijani commercial banks’ demands to economy to the GDP will grow by 4 percentage points to 22.4% in 2020, APA-Economics reports citing the Agency.

The agency expects this indicator to increase by 20.5% in 2021, but to decrease to 19.6% during 2021-2022.

Note that last year, the banks’ demands to economy amounted to AZN 15.036 bln. This indicator includes accounted interest and interbank, but excludes the provisions.

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