Banks based in Azerbaijan re-launch crediting - LIST

Baku. 6 June. REPORT.AZ/ Approximately half of commercial banks based in Azerbaijan are engaged in lending (crediting). Report informs, the banks have also restored the limited crediting in manats.

Currently 'Rabitabank', 'Accessbank', 'AFB Bank', 'Kapital Bank', 'Azer-Turk Bank', 'Atabank', 'Bank of Baku', 'Bank Respublika', 'Pasha Bank', 'Unibank', 'Bank Avrasiya','Demirbank;, 'Parabank', 'International Bank of Azerbaijan', 'Bank Nikoil', 'Bank BTB', 'Caspian Development Bank' issue loans in Azerbaijani manats.

Notably, Rabitabank and Parabank continue to issue loans secured by deposits and collateral crediting in Azerbaijani manats and US dollars.

'Azerbaycan Senaye Bankı' and 'Yapı Kredi Bank Azerbaijan' don't give a cash loans, but offer customers credit cards. 'Ziraat Bank Azerbaijan' provides only business loans.

'Xalq bank' provides loans only through the National Entrepreneurship Support Fund and the State Fund for Development of Information Technologies.

Notably, crediting in dollars iis considered mainly for business loans and for customers with income in US-dollars. At the same time, 'Bank Avrasiya' and 'Bank Nikoil' offer dollar loans to clients whose income is US-dollars.

Report offers a list of banks on credit proposal: