Share of state-owned banks in provision of crediting increased

As of December 1, 2021, the provision of crediting in Azerbaijan’s economy stood at 16,700.6 million manats, up 1.7% from November 1, 14.9% from early 2021, and 13.8% from a year earlier.

Report informs, citing the Central Bank of Azerbaijan (CBA), that the provision of crediting by the private banks amounted to 13,043.3 million manats, which are 13.8% more than a year ago.

State-owned banks’ credits made up 3,238.6 million manats, showing a 1.4% rise by contrast to a year ago. Share of state-owned banks in the provision of crediting increased from 19.3% to 19.4%.

As at the end of November 2021, the provision of crediting by Non-Banking Credit Institutions (NBCI) accounted for 418.6 million, 11.2% higher than 2020. Proportion of the NBCI in the provision of crediting dropped from 2.6% to 2.5%.