Business loans make up 60% of loan portfolio in Azerbaijan’s banking sector

 Business loans make up 60% of loan portfolio in Azerbaijan’s banking sector
  • Clock-gray 12:31
  • calendar-gray 25 May 2018

Assets of banking sector make up AZN 27.9 billion, loan portfolio – AZN 11 billion, of which AZN 7 billion or 60% falls to share of business loans, head of Azerbaijan Banks Association (ABA) Zakir Nuriyev said.

 

According to him, deposit base amounts top AZN 20.3 billion. Of this AZN 11 billion or 54% are deposits of non-financial organizations, AZN 7.7 billion – household deposits. 

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