Baku. 10 September. REPORT.AZ/ Downward trend in consumer lending in Azerbaijan, which began in February of this year continued in July. Report informs referring to the
Among aimed at household loans 1 351 500 000 manats issued for the construction and purchase of real estate, including mortgage lending. The volume of these loans on a monthly basis decreased by 0.87%, since the beginning of the year grew by 10.86% ,on annual basis by 35.20%.
Volume of credit investments in the economy of the country on August 1 of this year amounted to 20 187.5 million manats, of which 6.4% or 1 294 800 000 manats - loans in arrears. Thus, in July, for the first time in all year is observed a decline in the share of bad loans in the total volume of credit investments.