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Amount of troubled loans up by 11% in Azerbaijan
Finance
- 10 March, 2017
- 13:16
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Baku. 10 March. REPORT.AZ/ Total amount of overdue loans made 1 633.1 mln AZN in Azerbaijan as of February 1, 2017.
Report informs citing the Central Bank of Azerbaijan, this figure is more by 160.5 mln AZN or 10.9% compared to the previous month.
In the last one year, overdue loans grew by 318.5 mln AZN or 24.23%.
Notably, to February 1, 2017, troubled loans made 9.78% of total loan portfolio. This rate made 8.96% at the beginning of the year, also, 6.20% to February 1, 2016.
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