Azerbaijani Economy 5 december — 21:28

Azerbaijan sees 1% rise in consumer lending

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As of November 1, 2018, provision of crediting in Azerbaijan-based credit organizatioons stood at AZN 12,281,300,000, up AZN 129.1 million or 1.06% from the previous year, Report informs citing the Central Bank of Azerbaijan (CBA).

Household loans made up AZN 5,106,600,000, up AZN 425.3 million or 9.09% from previous year, AZN 55.5 million or 1.1% in comparison to a month ago. This type of loans makes up 41.6% of provision of crediting.

Share of ‘Trade and service’ in the provision of crediting was 16.8%, real estate 14.9%, transport and communication 10.5%, industry and production 5.6%, construction and property 3.1%, agriculture and processing 3.8%, energy, chemistry and natural resources 2.2%. 

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