Over a third of credits by private banks

As of early March, three fourths of credit investments in the economy were short-term. 66.1% of total credits was issued by state-owned banks and 33.9% by private ones. The share of private banks in credit investments has shrunk of late.
The share of overdue credits in total credit volume has exceeded 21%, which means that one fifth of credits was not repaid on time.
Total credit investment made up was a little over AZM2.3 trillion as of early March.*

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Issue: March, 23, 2001


OFFICIAL INFORMATION

Privatization of 100 major industrial enterprise announced


PARLIAMENT NEWS

Advertisers to agree with motorway owners


POLITICS

Armenian MPs admit occupation of Azeri lands


ECONOMICS

$2.8bn needed to resolve Baku water-supply problem

A fourth of oil pumped by private companies

No cash emission in February

Over a third of credits by private banks


CULTURE

Second caricature exhibition opens


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