Azerbaijan sees 14% decline in troubled loans
Economy02 December 2016, 17:46 388
As of November 1, 2016, the overdue credits in the provision of crediting in Azerbaijan stood at AZN 1,375,600,000, up AZN 73.7 million or 5.66% from a year ago.
In October, the troubled loans declined AZN 221.7 million or 13.9%.
During the reporting period, loans in national currency made AZN 8,509,500,000, of which AZN 632.3 million or 7.43% are overdue credits. Loans in foreign currency amounted to AZN 7,310,500,000, of which AZN 743.3 million or 10.2% are overdue credits. Share of overdue credits in manat in total troubled loans made up 45.9%, in foreign currency – 54.03%.
Share of overdue credit in provision of crediting makes up 8.7%.
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