Azerbaijan sees nearly 6% rise in troubled loans

Azerbaijan sees nearly 6% rise in troubled loans
# 04 October 2016 15:04 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of September 1, 2016, the overdue credits in the provision of crediting in Azerbaijan stood at AZN 1,592,900,000, up AZN 259.3 million or 19.44% from a year ago.

In August the troubled loans surged AZN 88.5 million or 5.88%.

During the reporting period, loans in national currency made AZN 8,755,100,000, of which AZN 754.8 million or 8.62% are overdue credits. Loans in foreign currency amounted to AZN 8,084,500,000, of which AZN 838 million or 10.37% are overdue credits. Share of overdue credits in manat in total troubled loans made up b47.39%, in foreign currency – 52.61%.

Share of overdue credit in provision of crediting makes up 9.46%.

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