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Volume of loans in investments to economy increased in Azerbaijan

Bank loans accounted for about 7% of the funds from all sources of funding in fixed assets

Baku. 1 December. REPORT.AZ/ Azerbaijan increased the volume of bank loans in the structure of investments in the economy.Report informs referring to the State Statistical Committee, bank loans amounted to 862.6 mln AZN or 6.6% of funds from all sources of financing in fixed capital in January-October 2015.In January-September this figure was 5.6% or 660.5 mln AZN.

According to statistics, the volume of bank credits directed to the fixed capital in the annual comparison increased by 2.1 times, the share rose by 3.2 percentage points.In the same period last year the figure was 449.3 mln AZN or 3.4% of total investments.

It should be noted that in January-October 2015 13,087,1 bln AZN was directed on the development of economic and social development of all sources of funds in fixed capital.

The total volume of investment in fixed capital in the share of institutions and organizations amounted to 8 942 8 mln AZN, budgetary funds - 2 453 6 mln AZN off-budget funds - 229.5 mln AZN, personal funds of the population - 431.1 mln AZN, other funds - 167.5 mln AZN.

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