Consumer Loans Made 32% of Azerbaijani Banks’ Credit Portfolio
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
Following this January consumer crediting formed 32.1% of banks’ overall credit portfolio (AZN7.201 million or USD8.9 million).