Azerbaijan sees 3% rise in consumer lending year-on-year

Baku. 4 January. REPORT.AZ/ As of December 1, 2018, provision of crediting in Azerbaijan-based credit organizations stood at AZN 12,564,200,000, up AZN 338.0 million or 2.77% from the previous year, Report informs citing the Central Bank of Azerbaijan (CBA).

Household loans made up AZN 5,297,800,000, up AZN 625.6 million or 13.39% from previous year, AZN 191.2 million or 3.7% in comparison to a month ago. This type of loans makes up 42.2% of provision of crediting.

Share of ‘Trade and service’ in the provision of crediting was 16.6%, real estate 14.7%, transport and communication 10.9%, industry and production 5.5%, construction and property 3.1%, agriculture and processing 3.7%, energy, chemistry and natural resources 2.2%.