OREANDA-NEWS. October 01, 2010. In September, 2010, the Central Bank of Azerbaijan (CBA) increased the balance on centralized crediting by 6.4% versus August and for 2010 the balance grew by 19.2%. In 2009, the balance rose 5.7-fold against growth of 2.4-fold in 2008 and by 2.6% in 2007.

CBA informs that centralized lending portfolio totaled AZN 1.568 bn against AZN 1.47 bn by 1st September, AZN 1.377 bn by 1st July, AZN 1.478 by June, AZN 1.338 bn by May, AZN 1.36 bn by April, AZN 1.578 bn by March (the highest level for CBA’s whole history), AZN 1.549 bn by February, and 1.315 bn by January of 2010.

The record figure of 2009 (AZN 1.34 bn) was registered on 1st November.

For comparison: as of 1st January 2009 the balance totaled “only” AZN 229 million, as of 1st January 2008 – AZN 95.288 million and as of 1st January 2007 – AZN 92.857 million.

As of 1st October 2010 official exchange rate was AZN 0.8026 to the US dollar and the balance of portfolio on CBA credits was estimated at USD 1.95 bn.