Loan investment in Azerbaijani economy climbs 9% in 2011
BAKU. Feb 10 (Interfax) - Loan investment from banks and non-bank credit organizations in the Azerbaijani economy stood at 9.95 billion manat (0.7863 manat/$1 on February 10) on January 1 2012, up 8.6% year-on-year, the Central Bank of Azerbaijan told Interfax.
The share of past-due loan investment was 633.8 million manat (up 28.6%), or 6.4% of total loans allocated.
Banks with government participation had a loan portfolio of 3 billion manat on January 1 2012 (down 15.4%), or 33.2% of all loans. Private banks had a loan portfolio of 6.4 billion manat (up 26.2%), or 64.3% of all loans, including 586.2 million manat (up 26.3%) for wholly foreign-owned banks. Non-bank credit organizations allocated loans of 251.5 million, or 2.5% of all loans.
Of the total volume of loans that had not been redeemed at the start of the year, domestic currency loans stood at 6.43 billion manat (up 9.5%) and foreign currency loans are 3.52 billion manat (up 6.8%).
In the loan structure, loans for trade and services totaled 2.84 billion manat (28.6% of all loans), energy, chemicals and natural resources loans - 289.7 million (2.9%), agriculture and processing - 466.7 million (4.7%), construction and real estate - 875.3 million (8.8%), industry and production sector - 582.9 million (5.9%), transport and communications - 409.7 million (4.1%), household loans - 3.31 billion manat (33.3%), and the rest went to other sectors.