Azerbaijan sees 5% rise in troubled loans

Azerbaijan sees 5% rise in troubled loans
# 11 January 2017 10:48 (UTC +04:00)

As of December 1, 2016, the overdue credits in the provision of crediting in Azerbaijan stood at AZN 1,442,300,000, up AZN 212.7 million or 17.3% from a year ago.

In November, the troubled loans rose AZN 66.7 million or 4.8%.

During the reporting period, loans in national currency made AZN 8,601,000,000, of which AZN 637.3 million or 7.42% are overdue credits. Loans in foreign currency amounted to AZN 7,674,500,000, of which AZN 804.5 million or 10.5% are overdue credits. Share of overdue credits in manat in total troubled loans made up 44.2%, in foreign currency – 55.8%.

Share of overdue credit in provision of crediting makes up 8.9%.

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