Volume of bank credits directed to investments soars in Azerbaijan

Baku. 18 August. REPORT.AZ/ In January-July 2017, bank credits have made 10,6% or 924,1 mln. AZN of the investments directed to the main capital from all financial sources in Azerbaijan, and as a result, the volume of the funds has risen by 9,6% in annual comparison.

Report informs referring to the State Statistics Committee (SSC).

The specific weight of credits in total investments to the country’s economy has made 10,6%. 

In January-July, 8 728,8 mln. AZN or 0,3% less funds in comparison with the corresponding period of last year were directed to the main capital from all financial sources to develop the economic and social fields of the country. Some 6 912,1 mln. AZN or 79,2% have been spent on the construction of goods production facilities, 1 358,1 mln. AZN or 15,6% on the construction of service facilities and 458,6 mln. AZN or 5,2% on the construction of residential houses with the area of 973,7 000 square meters.