Azerbaijan-based banks see 1.4% growth in lending

Azerbaijan-based banks see 1.4% growth in lending
  • Clock-gray 14:46
  • calendar-gray 25 July 2018

According to the Financial Markets Supervisory Authority (FIMSA), lending by Azerbaijan-based banks grew by AZN 160.1 million or 1.39% to AZN 11,712,400,000.

 

Compared to early 2018 the lending increased by AZN 374.8 million or 3.3%.

 

During the reporting period, AZN 1,642,000,000 was allocated for special reserves for compensation of possible loss on loans, up AZN 0.6 million or 0.04% from previous month. 

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