VOLUME OF CREDIT INVESTMENTS TO ECONOMY OF AZERBAIJAN INCREASED

25.08.2003 [21:08]
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By August 1, 2003, credit investments to economy of Azerbaijan come to 2924,4 billion manats, it is more by 12,4 percent more than the data by January 1, 2003, press service of the National Bank of Azerbaijan (NBA) reports. Some 287,7 billion manats or 9,8 percent of credit investments come to the share of overdue credits.

Some 2186,3 billion manats (74,8 percent) of credits are short term, and 738,1 billion manats (25,2 percent) are long-term ones. Some 213,0 billion manats or 9,7 percent of short term credits and 74,7 billion manats or 10,1 of long-term credits are overdue ones.

Governmental banks invested to economy a credit amounted at 1272,5 billion manats (43,5 percent), private banks - amounted at 1312,8 billion manats (44,9 percent), non-banking credit organizations - amounted at 339,1 billion manats (11,6 percent).

The banks with the presence of foreign capital invested to economy of Azerbaijan credits amounted at 358,2 billion manats and it makes up 12,3 percent of the total share of credits. Banks with 100 percent of foreign capital allocated 87 billion manats.

Some 1003,7 billion manats or 34,3 percent of credits were given in national currency and 1920,7 billion manats or 76,9 percent - in foreign currency.

Some 676 billion manats (23,1 percent) of credits were directed to the governmental sector and 2248 billion manats (76,9 percent) - to private sector.

VOLUME OF CREDIT INVESTMENTS TO ECONOMY OF AZERBAIJAN INCREASED

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