Assets of non-banking organizations in Azerbaijan increased by 20%

Of these, 85% accounted for by credit organizations financed by international humanitarian agencies

Baku. 6 February. REPORT.AZ/The total assets of operating non-bank credit organizations in Azerbaijan in annualized basis rose by 20,01% and by January 1, 2015 reached 650,6 million manats.

Report informs citing the Central Bank, 69,65 million manats (10.7%) of which accounted for credit unions, 550,65 mln manats (84,6%) - credit organizations financedby international humanitarian agencies, 30,31 mln manats (4.7%) - other non-bank credit organizations.

The annual growth of credit unions' assets was 29,46%, credit organizations financed by international humanitarian agencies - 20,37%.Assets of non-bank credit organisations decreased by 1,75%.

Over the past year the total registered capital of non-bank credit institutions increased by 7,56% and made 89,03 million manats.Of these, 26,280 mln manats accounted for credit unions, 50,02 mln manats - credit organizations financed by international humanitarian agencies, 12,72 mln manats- other organizations that, in comparison with the results of 2013 means, respectively, an increase of 22,01% and 17,64%, and a decrease of 32,01%.

On January 1, 2015 the number of branches of non-bank credit organizations operating in Azerbaijan amounted to 224 units.

The total assets of banks operating in Azerbaijan in 2014 increased by 23,53% and as of January 1, 2015 reached 25,183 bln manats, of which 68% accounted for the loan portfolio.

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