16:00, 5 March 2009 Page views 267 views

Consumer Loans Made 32% of Azerbaijani Banks’ Credit Portfolio

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Azerbaijani banks reduced their portfolio of consumer loans by 0.16% in January, 2009. From September, 2008 till January, 2009 the decline reached 5%.

The National Bank of Azerbaijan reports that portfolio of consumer loans disbursed by country’s banks totaled AZN2.312 million (USD2.866 million) on February, 1, 2009, versus AZN2.334 million (USD2.894 million) on January, 1, 2009.

Following this January consumer crediting formed 32.1% of banks’ overall credit portfolio (AZN7.201 million or USD8.9 million).


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