Baku. 28 December. REPORT.AZ/ Crediting in the financial sector decreased by 2.3-fold in Azerbaijan from beginning of this year and dropped to 214.5 mln AZN as of November 1, 2017.
Report informs referring to the monthly financial statement of the Central Bank of Azerbaijan (CBA).
Notably, growth was observed in crediting in this sector in January, 2017 which was later replaced with a constant decrease every month. Thus, only 2.4% growth was recorded in January and crediting by February 1, 2017 made 505.6 mln AZN. Then this figure made 351.9 mln AZN by March 1 (30% decrease per month), 337.9 mln AZN by April 1 (-3.98%), 252.1 mln AZN by May 1 (-25.4%), 249.0 mln AZN by June 1 (-1.2%), 230.8 mln AZN by July 1 (-7.3%), 229.6 mln AZN by August 1 (-0.5%), 224.3 mln AZN by September 1 (-2.3%), 220.9 mln AZN by October 1 (-1.5% ), 214.5 mln AZN by November 1 (-2.9%).
According to statement, specific weight of the financial sector in total crediting of the country's economy on November 1, 2017 was 1.77%.