Provision of crediting by Azerbaijan-based private banks increases by 17% 

As of February 1, 2022, the provision of crediting in Azerbaijan’s economy stood at 17,242.1 million manats, up 0.1% from a month earlier, 18.2% from a year ago, Report informs, citing the Central Bank of Azerbaijan (CBA).

Some 13,386.5 million manats or 77.6% of provision of crediting fell to the share of private banks, which is 17.2% higher than 2021.

The provision of crediting by the state-owned banks amounted to 3,394.9 million manats, showing a 21.7% compared to a year earlier. The proportion of the state-owned banks in the provision of crediting increased to 19.7% from 19.1%.

As of the end of January, the provision of crediting by the Non-Banking Credit Organizations (NBCO) made up 460.7 million, 23.4% higher than in 2021. Share of the NBCOs in the provision of crediting rose to 2.7% from 2.6%.