Azerbaijan gets 27% decline in consumer lending

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# 09:41
9 August 2017

As of July 1, 2017, Azerbaijan-based credit organizations’ provision of crediting made up AZN 13,882,000,000, Central Bank of Azerbaijan told APA-Economics.

 

Household loans amounted to AZN 5,092.7 million or 37% of provision of crediting, down AZN 1,819.2 million or 26.32% compared to a year earlier.

 

Moreover, 15.7% of consumption loans fell to share of trade and services, 12.5% - construction and purchase of real estate, 7.5% - industry and production, 7.4% - transport and communication, 3.1% to agriculture and processing, 4% to energy, chemistry and natural resources.

 

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