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Credit investments in economy of Azerbaijan increased by 14%

Growth in volume of credit investments during the year affected by devaluation of manat

Baku. 8 March. REPORT.AZ/ Aggregate credit investments in Azerbaijani economy on February 1, 2016 amounted to 20 590.7 million. AZN, which is less by 561.3 million AZN or 2.65% than at the beginning of January.

Report informs referring to the official report of the Central Bank of Azerbaijan Republic (CBAR), volume of credit investments in the economy grew by 2 570.4 million AZN or 14.26% in comparison with the same period of last year.

Notably, growth of the volume of credit investments during the year affected by the devaluation of manat. Part of credit investments in the economy has been carried out in foreign currency. Devaluation of the national currency has become a reason for the growth of these indicators in manat equivalent.

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