Consumer lending hit a 5-year low in Azerbaijan

Credit investments in households by all financial credit organizations of Azerbaijan in total loan portfolio decrease to 5-year low.

Reports from the Central Bank of Azerbaijan (CBA) state that as of February 1 2017, credits to households accounted for 34.8% (5,814.0 million AZN). Notably, in 2012, this figure was 35.3% (4 316.7 million AZN), in 2011 33.7% (3,315.0 million AZN), and in 2014 up to 44% (7 731.8 million AZN).

As of February 1 2017, the volume of aggregate loan portfolios amounted to 16,705.2 million AZN. 1 633.1 million AZN or 9.8% out of them totalled to overdue loans. (News.Az)