TODAY.AZ / Business

Credit investments in Azeri economy grew 81%

20 March 2007 [10:28] - TODAY.AZ
As of February 1, the amount of loans invested in the economy of Azerbaijan reached AZN 2,493.4m, up 80.6% from a year earlier.

State Statistical Committee told APA-Economics that State banks had a share of 46.1% in the credit investments, private banks 51% and nonblank credit organizations 2.9%.

The National Bank said AZN 1,203m (48.2%) of the credits were invested in national currency and AZN 1,290.4m (51.8%) in foreign currencies.

AZN 644.3m (25.8%) was invested in trade and service sector, AZN 799.7m (32.1%) in household economy, AZN 220.3 (8.8%) in transportation and communications sector, AZN 192.6m (7.7%) in industry and production sector, AZN 139.6m (5.6%) in agriculture and processing, AZN 170.9m (6.9%) in energy, chemical and natural resources sector and AZN 164m (6.56%) in construction and property sector.

Credits worth AZN 2.8m (0.1%) were lent to government bodies and AZN 1.5m (0.1%) to public organizations. The Finance sector shared AZN 41.6m of the credit investments, other sectors AZN 10.6m.


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