Azerbaijan sees nearly rise in troubled loans in September

Azerbaijan sees nearly rise in troubled loans in September
# 07 November 2016 07:45 (UTC +04:00)

Baku - APA-Economics. As of October 1, 2016, the overdue credits in the provision of crediting in Azerbaijan stood at AZN 1,597,300,000, up AZN 243.5 million or 117.99% from a year ago.

In September, the troubled loans surged AZN 4.4 million or 0.28%.

During the reporting period, loans in national currency made AZN 8,848,100,000, of which AZN 763.3 million or 8.63% are overdue credits. Loans in foreign currency amounted to AZN 7,937,000,000, of which AZN 834 million or 10.51% are overdue credits. Share of overdue credits in manat in total troubled loans made up 47.79%, in foreign currency – 52.21%.

Share of overdue credit in provision of crediting makes up 9.51%.

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