Web Desk February 8, 2021

The loan portfolio of specialized organizations amounted to 14 billion 530 million 400 thousand manats in 2020. Compared to 2019, credit institutions reduced lending by 767 million 800 thousand manats, or 5%. The volume of overdue loans amounted to 893 million 100 thousand manats. Overdue loans accounted for 6% of the total loan portfolio, which is 2.3% less than in 2019. Lending in the national currency increased by 203 million 200 thousand manats or 2%, amounting to 10 billion 204 million manats. The volume of overdue loans in the national currency decreased by 0.6%, amounting to 6.4%. In foreign currency, lending decreased by 971 million or 18.3%, amounting to 4 billion 326 million 400 thousand manats. During the reporting period, the volume of overdue loans in foreign currency decreased by 5.2%, amounting to 5.5%.


Source: Turan News Agency

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