Credit Investment in Azerbaijan Economy Increased by 37%
OREANDA-NEWS. June 17, 2010. The press-service of Central Bank informs that on 1st May 2010 total amount of credit investments in Azerbaijan economy made 8605,5 million manat. This indicator in comparison with the same period of time of last year increased by 37,1%. 365,2 million manat of credit investments fell to the share of past-due loans.
On 1st of May of 2010 2314,1 million manat (26,7%) of credits were short-term credits, 6291,2 million manat (73,1%) long-term credits. 174,7 million manat of short-term credits or 7,5%, 190,5 million manat or 3,0% of long-term credits are past-due loans.
There were invested credits into economy by state bank 3982,0 million manat (46,3%), by private banks 4441,0 million manat (51,7%), by non-bank credits organizations 182,4 million manat (2,1%).
There were granted into economy of Azerbaijan by banks, founded on a foreign capitals 2117,5 million manat, so the total weight of its credit investments equal 24,6%. The banks are using 100% of foreign capitals granted 419,4 million (4,9%) credits.
5126,1 million manat or 59,6% of credits were granted in national currency, 3479,4 million manat or 40,4% in foreign currency.
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